FTX's $10 million token transfer sparks intrigue. Uniswap soars while Sushi struggles. As Sam Bankman-Fried's trial looms, uncertainty shrouds the exchange's future.
involving the appointment of Mike Novogratz’s Galaxy Digital Capital Management as the investment manager responsible for overseeing the sale and management of FTX’s recovered cryptocurrency holdings.
Furthermore, according to the proposed plan, the FTX estate would be permitted to sell a maximum of $100 million worth of tokens per week, possibly increasing this limit to $200 million on an individual token basis. These limits are designed to mitigate the impact of token sales while simultaneously facilitating the restitution of creditors’ claims., it became evident that the recent FTX transaction had no adverse effects on its price trajectory.
As of this writing, UNI was trading at approximately $4.4, reflecting a minor increase of less than 1%. Furthermore, this consistent uptrend has led UNI away from the oversold territory on its Relative Strength Index . However, it was still in a bearish trend.did not share the same positive momentum as UNI. As of this writing, Sushi was trading at around $0.5, indicating a slight loss of less than 1% in price.
Additionally, over the past six days, Sushi only once recorded a positive session closure. The prevailing price trend for Sushi appeared strongly bearish, as indicated by its RSI.
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