TechFlow news — On September 3, Andrei Grachev, co-founder of DWF Labs, shared his view on social media, expecting a large amount of retail funds from the FTX exchange to be released in the fourth quarter of 2024. Grachev stated that the cryptocurrency market may soon witness fierce competition as various projects vie to attract these retail investors to deposit funds into specific products or purchase certain tokens.
FTX was once the world's second-largest cryptocurrency exchange and filed for bankruptcy protection in November 2022. The progress of its fund disbursement has drawn significant attention across the industry.
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