FET Cools Near $0.23 After 51% Month and $1.56M Bridge Exploit
- —FET rose about 51% from September 1 to October 1, outpacing BTC's roughly 8% gain
- —About $1.56 million in FET was drained from a token converter on September 20
- —Binance open interest stood at $33.6 million versus a 30-day peak of $35.8 million
- —63% of Binance accounts were long on October 1, down from 70% on September 25
Why it matters: FET remains 93% below its $3.45 all-time high, and thin liquidity above $0.186 leaves room for sharp moves in either direction.
Source: Live Bitcoin News