Fantom passed on further cooperation with FTX's Alameda in January 2022.
In February 2021, Alameda alsoto become a validator on the Fantom blockchain. This exposure may have been a key factor behind FTM's underperformance in the early days of November, wherein its price declined by as much as 35%.
"Unlike most of our competitors, the foundation owns a relatively small amount of FTM," he wrote, adding: Fantom's on-chain data reveals that addresses holding more than 1 million FTM have been distributing the tokens during the FTX-led crypto market decline.
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