As Sam Bankman Fried‘s FTX Witnesses an intense sell-off in its native token, FTT FTT/USD, Bitcoin BTC/USD, ether ETH/USDand Dogecoins DOGE/USD recorded $17.37 million in liquidations in the last hour, or 45% of the total market liquidation.

What happened: Corresponding CoinGlassBTC accounted for over $7.45 million of all liquidations, followed by ETH at $8.69 million and DOGE at nearly $1.23 million over the past hour.

FTT is currently seeing $2.43 million worth of liquidations.

This comes as cryptocurrency prices plummeted amid reports of FTX’s bankruptcy. Changpeng Zhaothe founder and CEO of binance USD/USDthe world’s largest cryptocurrency exchange, announced that its trading platform is about to liquidate its entire FTT holdings.

See more: FTX Token (FTT) on-chain trading signals

FTX saw over $18.51 million worth of liquidations – $11.76 million long (dealers bet higher prices) and $6.75 million short (dealers bet lower prices). Binance topped the market liquidations chart with $24.30 million in liquidations.

Price promotion: In the past hour, bitcoin is down 2.22%, falling below the key $20,000 level. ether fell 2.03% to $1,461.75. Dogecoin is down 0.70%, falling below the $1 mark Data from Benzinga Pro.

Continue reading: FTX token (FTT) crashes 19% in 1 hour amid Binance’s plan to liquidate all FTX-native token holdings