The token had gained in the weeks leading up to Solana's Breakpoint conference currently taking place in Lisbon, Portugal, concluding Monday. Solana's SOL spiked as Google Cloud announced plans to become a validator on the blockchain network, but by press time it, too, had turned lower and was one of the day's biggest losers among the 162 assets in the CoinDesk Market Index, down 11% over 24 hours. But by late Sunday FTT had reversed course and was falling again, around $22.24, down 7.6% over the past 24 hours. The FTT price rebounded after the CEO of Alameda, which like FTX is a part of billionaire Sam Bankman-Fried's empire, tweeted that it would happily buy FTT at $22 each. The FTX token, which pushed into headlines (and Twitter chatter) last week after CoinDesk reported just how significant of an asset it was on the trading firm Alameda Research's balance sheet, came under additional pressure after Binance CEO Changpeng Zhao tweeted that the firm would sell its remaining holdings of FTT, a stake worth more than $500 million. The weekend brought no shortage of crypto-markets drama, but it wasn't about bitcoin: Intense speculation appeared to drive steep losses on the FTX exchange's FTT token and Solana's SOL.
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