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8/28/2024 1:10:51 AM

Upcoming Token Unlock for ByBit and FTX Raises Concerns

Upcoming Token Unlock for ByBit and FTX Raises Concerns

According to @EmberCN, ByBit and FTX exchanged their platform tokens in early November 2021, with ByBit trading 100 million BIT for 3.36 million FTT from FTX. Both parties agreed not to sell the tokens for three years. With only two months remaining until the lock-up period ends, there is a high likelihood of a sell-off. At the time of the exchange, the tokens were of equal value, but now there is a significant disparity: 100 million BIT is valued at $57.73 million, while 3.36 million FTT is worth considerably less.

Source

余烬

@EmberCN

Analyst about On-chain Analysis