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1 year ago
Fantom Supply On Exchanges See Drastic Increase, A Cause For Alarm? Newsbtc 04 Apr 2024

Fantom Supply On Exchanges See Drastic Increase, A Cause For Alarm?

The Fantom (FTM) supply on exchanges surged, raising concerns about a potential price drop for the cryptocurrency. A 16 million FTM inflow to exchanges, alongside a drop in price, indicates high selling pressure. Despite this bearish trend, increased adoption and the growing holder base suggest potential for future bullish activity, as well as a solid support level at $0.8.