An intriguing revelation has surfaced in the cryptocurrency sector, revealing the aftermath of the FTX crash. Post the FTX collapse, a mere 8 altcoins surged to reach unparalleled highs in Bitcoin correlation against BTC. The analysis focused on altcoins existing in the market at the time of the FTX crash.
FTX, a prominent cryptocurrency exchange of its era, suffered a significant downfall, leading to its abrupt closure along with the loss of user assets, never to be recovered.
The 8 altcoins that achieved all-time highs in BTC equivalence following the FTX crash are:
- Render (RNDR)
- Tellor (TRB)
- Injective (INJ)
- Primer (ASTR)
- ssv.network (SSV)
- SingularityNET (AGIX)
- Trust Wallet Token (TWT)
- Binance Coin (BNB)
Sam Bankman-Fried, a co-founder of FTX, attained celebrity status as the platform grew to become one of the leading global cryptocurrency exchanges, attracting a vast user base for cryptocurrency trading. The demise of FTX unfolded rapidly, triggered by rumors of financial instability that led to a wave of withdrawals, causing the collapse of the firm and exposing Bankman-Fried's alleged wrongdoings.
Disclaimer: This content does not constitute investment advice.
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