Dial Now: 7037171600 Click On Below Link:- https://theprofitgrowth.com/ Join Our Whatsapp:- https://wa.me/7037171600
Crypto.com native token plummets as FTX collapse fuels contagion fears
Cronos, the native token of Crypto tumbled to a 22-month low on Monday amid growing scrutiny toward centralized exchanges after the collapse of major player FTX earlier this month.
CRO/USD slumped 28% to $0.0557, halving in value over the past week as investors feared a potential liquidity crunch similar to that seen in FTX.
Concerns over the exchange’s financial position escalated over the weekend after on-chain data showed it had accidentally sent about 82% of its Ethereum reserves – roughly $400 million – to a wallet linked to Gate.io in October.