Fantom Price Jumps 23% After Selling Pressure Halts
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Fantom's price surged 23% in a day after a period of selling pressure came to a halt. The altcoin had been facing losses, but the recent momentum has brought Optimism back to the market. However, investors remain skeptical as the supply of FTM on exchanges rose sharply this week, with 37 million tokens transferred within 48 hours. This indicated waning confidence in the cryptocurrency's short-term prospects. The lack of sustained upward momentum had left many investors worried about further losses, but the recent price surge could help stabilize market sentiment for FTM.
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