FTX wallets are making moves now that might signal a sell off for a number of alt coins. We’re not holding any that are listed, but you might be.
Depending on the amount of coins, this might present a decent buy opportunity for those who have been waiting for one, or this could be your warning to exit a position you’ve been considering. Just a heads up!
https://cointelegraph.com/news/ftx-wallet-transfers-crypto-sparks-fear-selloffs-amid-bankruptcy
FTX wallet shifts $10M in crypto, sparking fear of token dumps to come
A series of transfers from an official FTX wallet adding up to more than $10 million in Ethereum and other altcoins has raised concerns of a potential sell-off ahead of the exchange’s bankruptcy hearing on Sept. 13.
Cointelegraph
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk; you should always do your own research before making any investment decisions.