Binance is unloading their FTT holdings

To add salt to the wound of recent insolvency rumors for FTX.

Binance decided to unload their remaining FTT holdings.

Here’s CZ’s tweet about it https://twitter.com/cz_binance/status/1589283421704290306

Most important part” As part of Binance’s exit from FTX equity last year, Binance received roughly $2.1 billion USD equivalent in cash (BUSD and FTT). Due to recent revelations that have came to light, we have decided to liquidate any remaining FTT on our books. “

So far this has to be the biggest blow on FTX.

Also the unload will take place over the course of several months as to not impact the price of FTT that much. But the FUD has already started and retail is dumping