Analysis: The lock-up period for the platform tokens of ByBit and FTX is approaching, with a current value discrepancy of over 53 million dollars between the two

ChainCatcher news, on X, on-chain analyst Yu Jin stated that ByBit and FTX exchanged their platform tokens in early November 2021: ByBit exchanged 100 million BIT for 3.36 million FTT, with both parties committing not to sell for 3 years.

Now there are only 2 months left until the 3 years are up, and after the lock-up period ends, a sell-off is very likely.

At that time, it was an equivalent exchange, but now the value difference is quite significant: 100 million BIT is worth 57.73 million USD; while 3.36 million FTT is worth only 4.47 million USD.