Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly – Market Updates Bitcoin News

Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly

Following yesterday’s high of $19.51, FTT/USD plunged to an intraday low of $3.15 earlier in the day. As of writing, the 14-day relative strength index is at 11.98, which is its weakest point on record, eclipsing yesterday’s record reading of 23.79. SOL/USD dropped to a low of $16.47 on Wednesday, less than 24 hours after residing at a peak of $31.06.

Many believe that DD can show the true meaning of FTX's balance sheet, which some expect could exacerbate the current sell-off.

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