FET Token Suffers 5.82% Drop Amid Heavy Selling Pressure

The FET token experienced a significant decline of 5.82% in value, breaking key support levels amidst heavy selling pressure and Binance outflows.

As reported by Pluang, a financial application that provides access to various asset classes through easy, secure, and affordable micro-investment products for Indonesians, the FET token's price fell sharply.

The market turbulence is attributed to intense selling activity and a notable increase in Binance outflows, which has put downward pressure on the token's value.