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Posted:
- Round $36 million value of AVAX and Polygon has been moved to the Binance change.
- FTT has gone up by over 30% within the final 24 hours.
Over the previous 24 hours, FTX [FTT] transferred $36 million of Polygon [MATIC] and Avalanche [AVAX] to the Binance [BNB] change. The value development of FTT exhibited an intriguing motion throughout the identical interval.
FTX strikes over $30 million value of MATIC and AVAX
As per Lookonchain, FTX has just lately transferred roughly 26 million MATIC tokens, valued at round $17 million, and 975,000 AVAX tokens, value roughly $19.25 million, to the Binance change.
This transaction contributed to the change’s whole asset motion of over $36 million within the final 24 hours. This motion is a part of FTX’s ongoing liquidation of crypto belongings to handle excellent money owed following its crash.
How Polygon and Avalanche have trended up to now 24 hours
As of the shut of buying and selling on the twenty first of November, Polygon had undergone a notable lower of over 10%, settling at round $0.72. This decline prolonged the drop noticed up to now two days to round 15%.
Nonetheless, on the time of this replace, MATIC had exhibited a restoration. Its worth rose by over 4% to commerce round $0.76. The Relative Power Index (RSI) additionally indicated indicators of an upward development, although it remained beneath the impartial line.
Supply: TradingView
The value of AVAX additionally witnessed a considerable decline within the previous days. Between the twentieth and the twenty first of November, AVAX noticed a decline of over 16%. Like MATIC, it was in a restoration section at press time, experiencing a rise of greater than 5%, reaching round $20.
AVAX was exhibiting a powerful bullish development on the time of writing, with its RSI surpassing 60%, distinguishing it from MATIC.
Supply: TradingView
FTT posts large good points
One other intriguing worth growth entails the FTT token. Whereas discussions about restarting the change persist, concrete outcomes have but to exist. Nonetheless, the change’s native token has demonstrated notable actions up to now 24 hours.
Real looking or not, here’s AVAX’s market cap in SOL’s terms
An examination of the every day worth development chart revealed a considerable enhance. On the time of this replace, FTT had surged by over 30%, reaching round $4.3. Additionally, the RSI was shifting into oversold territory.
Supply: TradingView
Additional scrutiny of the chart indicated a recurring theme of worth spikes in November.
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