Will 3.36 million FTX Tokens be let out in the market in 24-hours?

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FTX, its sister company Alameda, and Binance have been the talk of the crypto town over the last couple of days. Well-known decentralized autonomous organization BitDAO stepped into the picture and gained limelight on Tuesday.

In just the past few hours, the DAO’s native token BIT dropped from a $0.41 to a low of $0.307. Despite the slight recovery noted, the token was trading 8.5% down on the daily at at press time.

Source: CMC

Bybit Co-Founder Ben Zhao tweeted that the BitDAO was “questioning” the sudden dump of the BIT token “caused by Alameda.”

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