I. Abnormal fluctuations in FT prices
The price of FT/USDT, FT/BTC, FT/ETH trading pairs fell more than 20% for two consecutive trading days, from July 20, 2018 to July 21, 2018, which is a case of abnormal trading fluctuations.
II. FCoin pays attention to the issue
Through the telephone and f2f inquiry, the FCoin platform verified the relevant issues for private placement agencies and internal management personnel. Through careful analysis of the market transaction volume and back-end data in past few weeks, we found that the FT price was malicious deliberately suppressed (Through continuous programmatic transactions for the purpose of inducing market direction). The FT operations team has now reported relevant data to the FCoin platform and reported to the FCoin platform to take measures to limit related short-selling behaviors, and investors are expected to pay attention to risks.
Note: As a digital asset with actual intrinsic value, FT and related income will be expected to continue growing in the next few years. The FT related information is subject to the FCoin platform announcement. Investors are advised to invest rationally and pay attention to risks.
July 22, 2018