 | (1) What is FTT?If you google "What is FTT FTX" you are told that FTT "is a beloved cryptocurrency for traders with just under 30,000 total addresses holding the token. In just over 3 years, it has grown to a market cap of over $3,000,000,000 USD, The FTX Token has proven itself useful for traders all around the world." Unfortunately, I am not kidding; this is Google's summary: In reality, FTT is the token of the FTX exchange, an exchange that filed for bankrupcy on November 11, 2022. FTT was already pretty useless because it had no real use-case other than serving as SBF's collatoral, but now it has joined LUNC and LUNA among the ranks of tokens that were made by people wanted by the police. So it is basically a dead coin of a criminal. (2) FTT is pumpingFor some reason, FTT has pumped 274% since the low on January 1st. FTT also pumped 58% today. Because it was said that FTX MIGHT be revived. By someone with obvious interest in this revival, because it was the current head of FTX. Traditional finance is happily sharing this type of news for some reason. (3) Why is it still possible to trade dead/scam coins like FTT (and LUNC)?I really cant understand why scam coins like FTT and LUNC are still allowed to be traded. Almost all the major exchanges still allow this. This is the top 25 overview for FTT. The LUNC overview looks similar: [link] [comments] |
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