The fallout from the FTX blowup and bankruptcy last week has continued early this week, and the crypto moves are in different directions.
FTX Token (CRYPTO: FTT) fell 25% in the last 24 hours as of 11:45 a.m. ET, which shouldn't be a surprise because the exchange is bankrupt and there's no reason the token should have value. Solana (CRYPTO: SOL) is down 3.2% in the last day but is now down 57.9% in the last week because FTX was a large investor and is likely selling tokens.
On the plus side, Crypto.com's token Cronos (CRYPTO: CRO) is up 14.9% in the last 24 hours.
For further details see:
FTX Token and Solana Continue to Slide as Cronos Bounces Back on Monday