FTX token plummets 16% after profit-taking amid uncertainty over repayment plan:
The FTX ( FTT ) token fell 16% in just 12 hours after an initial 92% rise.
Investors rushed to sell in response to skepticism surrounding FTX's asset compensation plan. As FTT holders booked profits, the token saw extreme volatility, with analysts closely monitoring key support levels. Investors remain cautious as the future of the token depends on the court's decision.
