Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens entering circulation following the FTX bankruptcy filing.
Bankrupt crypto exchange FTX’s FTT token still trading above $1
While the collapse of the FTX exchange is a mess and the new FTX CEO said that the former FTX leadership was a “complete failure of corporate control”, and that there was a “complete lack of reliable financial information”, the exchange token FTT is still trading for $1.48 per share. doing unit.
Despite the fact that FTX filed for bankruptcy, the coin is held by a few concentrated hands, and the FTT Contract Deployer unlocked 192 million previously locked tokens it has not joined the list of dead crypto coins trading for less than a U.S. penny.
At the time of writing, the 24-hour price range for FTT ranged from $1.46 per unit to $1.62 per FTT. The coin lost around 93.9% during the last 14 days and due to the Contract Deployer incident, it is no longer ranked on coingecko.com.
On coinmarketcap.com, however, it ranks # 209 on Nov. 18, 2022, out of 21,790 listed crypto coins. After hitting its all-time price high on Sept. 9, 2021, FTT was ranked # 25 on coingecko.com and it had a $7.76 billion market valuation.
Crypto supporters are still ‘bullish’ about crypto coins like CEL and FTT, a social media post says FTT will still rise 3 days after FTX’s bankruptcy filing
Today, FTT has a fully diluted valuation of approximately $485,397,611 and has recorded approximately $16,060,367 in 24-hour global trading volume. According to coingecko.com, “MEXC Global is currently the most active exchange” as of November 18, 2022.
Coinmarketcap.com says “Binance, Coinw, BTCEX, Bitrue, and Tapbit” are FTT’s most active exchanges on Friday. Cryptocompare.com metrics indicate that the most active trading platforms dealing with FTT include Binance, Bitfinex, Huobi, Gate.io, and Bibox.
Cryptocompare.com data further shows that the largest FTT trading pair on Friday was the stablecoin BUSD, capturing 92.87% of FTT swaps, while Tether (USDT) earned 6.90%. FTT joins a wide range of tokens that were once managed or backed by now-defunct cryptocurrency businesses.
For instance, celsius token (CEL) is still holding value at $0.45 per unit despite the crypto lender Celsius collapsing. A number of folks discussing CEL on coinmarketcap.com’s (CMC) community posts are still “bullish” about CEL and still believe in it.
The same can be said for hardcore FTT token fans, as one CMC community post says: “FTT token will rise [in the] In the following days, we are sure they will solve problems and grow up. The CMC community post saying FTT will rise was liked by over 3,300 CMC community members.
