FTX’s FTT token drops following Binance controversy

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The price of FTX’s FTT token, a cryptocurrency, has dropped significantly over the last hour. According to data from CoinMarketCap, the token’s price dropped 19% from about $22 to about $17 at the time of writing. The announcement coincides with a high-profile standoff between FTX and Binance, two of the biggest exchanges in the cryptocurrency market. On November 6, Binance CEO Changpeng Zhao tweeted that the exchange would start selling