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Everyone is pretty familiar with the current FTX situation, token is dumping heavily due to strong sell pressure from binance and from afraid investors.
It is no secret that FTX & Alameda research have been funding failing crypto companies such as Three Arrows Capital and more recently Voyager. If they are using their FTT token to sustain their business adventures they could be overleverage and with the recent fall of the token's price and the bank run on FTX we could see its own collapse.
If there is anything we have learned with Terra luna´s collapse and with the voyager collapse is that holding on to hope is the worst thing you could do. It both started with a small dump (similar to the -25% we are seeing now) followed by a huge dump leaving investors penniless. One good example is what happend with anchor protocol people who refused to take a 10% loss on their "stable" coins ended up with a 90% loss so don't get greedy.
Please secure your crypto to your own wallet as soon as possible, if your holding FTT tokens make a decision on wether to sell or not but always have in mind that the exchange could implode if its overleveraged.
Stay Safe everyone!
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