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Is FTM set for a sell-off? 10 million tokens transferred

A whale moved 10 million Fantom tokens worth 8.17 million USD to Binance after two years of holding. This triggered speculation of a potential sell-off, especially with the current market conditions, highlighting the impact such transfers can have on the crypto market.

The whale accumulated 23.45 million FTM at 0.618 USD each. If they sell, they could gain around 2 million USD, a significant profit. Currently, FTM ranks 59th and has seen a 21% decline this month, down 77% from its historical peak.

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