FTX Token Price Prediction - Can FTX Recover as it Falls 70% in 24 Hours
FTX Token price prediction is bearish as FTT has plunged over 80% from $22 to $4. On Tuesday, Sam Bankman-Fried shocked the cryptocurrency community by announcing that Binance would acquire his exchange, FTX. However, the purchase was revealed by FTX CEO Bankman-Fried in a tweet on Tuesday, and only hours before that, the drama was brewing in the background as the exchanges' founders appeared to be arguing over Twitter. According to Bloomberg, over the past few months, Binance CEO Changpeng "CZ" Zhao and Bankman-Fried have engaged in a public Twitter feud over topics such as political lobbying and front-running deals. When a broker gets inside information about a prospective transaction that could affect the price of an asset, they may "front-run" the market by trading in that asset before the transaction takes place. This most recent altercation began on Sunday when Zhao announced through Twitter that Binance would be selling all of its F...