On August 28th, blockchain analyst Yu Jin stated on X platform that ByBit and FTX swapped platform coins in early November 2021: ByBit exchanged 100 million BIT for 3.36 million FTT from FTX, and both parties promised not to sell within 3 years. The 3-year lock-up period is about to end in 2 months, and it is likely that there will be a sell-off after the restriction is lifted. At the time of the exchange, the values were equivalent, but now there is a significant difference in value: 100 million BIT is worth $57.73 million, while 3.36 million FTT is only worth $4.47 million. It is reported that BitDAO (BIT) has been upgraded to Mantle (MNT).
