The Fantom Foundation transferred 50 million FTM to Binance, later clarifying that the funds were cross-chain to Ethereum rather than a sale
ChainCatcher message, Lookonchain monitoring data shows that the address marked as Fantom Foundation 0x431e on the Ethereum network transferred 50 million FTM (approximately 11 million USD) to Binance on the Fantom network yesterday.
And Andre Cronje just clarified that the transfer of 50 million FTM was cross-chain to the Ethereum network via Binance, not a sell-off. (Source link)
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