Movers of the Day 9-Nov-2022

Tokens and coins that moved the most in the last 24 hours:

The day’s top movers are Chia Network and FTX Token, plunging by 40.24% since 7 pm.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets have plunged to multiyear lows. Behind the bloodbath, Binance explained that FTX’s solvency issues were beyond its control or ability to help. Since 7 pm, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -7.17% and -11.50%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 16.87%, Bitcoin by 15.23%, and Ether by 16.71%.

Please read the notes to find out which criteria have been selected.

FTX Token (FTT)

FTX is owned by FTX Trading LTD, a company incorporated in Antigua and Barbuda. FTX was incubated by Alameda Research, a cryptocurrency liquidity provider. FTX’s leveraged tokens aim to provide a clean, automated way for users to get leverage. FTT is the FTX ecosystem utility token. Holders of FTT reportedly receive benefits such as Weekly buying and burning of fees, Lower FTX trading fees, OTC rebates, Collateral for futures trading, and Socialized gains from the insurance fund.

The top mover of the day is DFI.Money which has increased by 1.56% since 2 pm. The crypto markets are still down. Since 2 pm, 2100NEWS Indices have dropped between 2.45% and 4.01%. 2100NEWS Total Index (NWST1100) is 3.57% lower. Bitcoin has fallen by 3.61%, Ether by 2.81%.

DFI.Money (YFII)

DFI.Money is a DeFi platform that aims to build products on aggregated liquidity provision, leveraged trading, and automated market-making.

The day’s top movers (at 9 am) are HEX and ConstituationDAO, rising by 5.08% since 9 am.

As illustrated by an adjacent chart showing the NWSBCT (Blue Chips) Index movement over the last 24 hours, the crypto markets have plunged. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -4.90% and -7.27%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 12.63%, Bitcoin by 9.92%, and Ether even 18.35%.

ConstitutionDAO (PEOPLE)

Constitution DAO was an experiment that has now been dissolved. In November 2021, a group of web3-enthusiasts gathered as a decentralized autonomous organization with the shared objective of buying a copy of the U.S. Constitution at a Sotheby’s Auction. There are only 13 original physical copies of the U.S Constitution in existence, which meant that this auction sparked a competitive bidding battle. Even though the group managed to raise well over $40 million in ETH, it ultimately fell short. It was outbid by Ken Griffin, a billionaire hedge fund manager and CEO of Citadel.

The crypto markets plunged because Binance had sent a shock takeover bid to FTX, and that caused shockwaves through the Crypto World. The day’s top movers (at 9 am) were DFI.Money and FTX Token, plunging by 21.75% since midnight. On the day, the 2100NEWS Indices, which measure the performance of various groups of tokens and coins, reported losses between -1.25% and -2.86%. Over the last 24 hours, the 2100NEWS Total Index (NWST1100), which measures 1100 significant (by market capitalization) crypto assets’ performance, has plunged 9.39%, Bitcoin by 7.20%, and Ether even 12.44%.