Phantom (FTM) on the decline: Major wallet declines, critical support levels and possible 33% correction
$FTM Fantom (FTM) is down 12% in the past 24 hours as it approaches key support levels. The recent shift in market sentiment is supported by the migration to the new Sonic token, which signals a broader trend in the network. “The number of whale wallets holding 1M-10M FTM tokens has dropped to record lows, and there is a shift in anxious sentiment among major investors,” a COINOTAG observation reads. Fantom’s price is down 12% and is approaching $0.84, while a decrease in whale activity is observed. The process of FTM’s transition to Sonic token reveals a weak market sentiment.
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