FTX Liquidates $11 Million in RAY Tokens: Market Impact

• 1.85 Million RAY Tokens Transferred: FTX has transferred RAY tokens to Binance as part of its liquidation plan.

• Large Remaining Reserve: FTX still holds 6.46 Million RAY tokens, which could have significant impacts if liquidated quickly.

• Market Impact: A rapid liquidation could lead to sharp fluctuations in cryptocurrency prices.