Caroline from Alameda offered to buy all Binance's FTT at $22 and seems there is a huge battle going on right now. If you track CVD you can see that on Binance there is nothing but market sells and on FTX there is nothing but market buys.
Is there now an ongoing negotiations about this cooperation and offer that Caroline has asked to CZ? I guess that the plummet that we've seen today is caused by FTT fiasco.
It's scaring most of its investors and they're mostly thinking that this could end up to a Luna 2.0 version incident.
But what's the real scary is that this is an scheduled dump which is known for most in the market and everyone has to make their own reactions through those trade orders.