7.5 $FTM moved on Binance transferred by Fantom Foundation, which might not be a good thing for the token
However, investors should be cautious as the recent transfer of FTM tokens may be a sign that the foundation believes the cryptocurrency's price has reached a local high and may soon experience a reversal. It is important to note that FTM has been on a bullish run recently, and the market may be due for a correction.
It is also worth mentioning that the recent transfer of tokens may not necessarily indicate a bearish outlook for the project, as foundations may transfer tokens for various reasons. However, the timing of the transfer suggests that the foundation is taking a cautious approach and may be looking to secure profits while the price of FTM is still high.
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