In spite of the hot cave in and the alternate submitting for chapter coverage, crypto buyers are nonetheless paying greater than a U.S. greenback for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once as soon as a top-30 crypto asset, and now the token has no rank on particular coin marketplace aggregation websites because of locked FTT tokens […]

People Are Still 'Bullish' About FTT and CEL, 2 Tokens Backed by Bankrupt Crypto Businesses

In spite of the hot cave in and the alternate submitting for chapter coverage, crypto buyers are nonetheless paying greater than a U.S. greenback for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once as soon as a top-30 crypto asset, and now the token has no rank on particular coin marketplace aggregation websites because of locked FTT tokens getting into circulate following the FTX chapter submitting.

Bankrupt Crypto Alternate FTX’s FTT Token Nonetheless Trades Above $1

Whilst the FTX alternate cave in is a large number and the brand new FTX CEO mentioned prior FTX management was once a “entire failure of company controls,” and it was once “an entire absence of faithful monetary knowledge,” the alternate token FTT continues to be buying and selling for $1.48 consistent with unit.

Even supposing FTX filed for chapter, the coin is held via a couple of concentrated palms, and the FTT Contract Deployer unlocked 192 million up to now locked tokens it has now not joined the record of lifeless crypto cash buying and selling for not up to a U.S. penny.

On the time of writing, FTT’s 24-hour worth vary has been between $1.46 consistent with unit to $1.62 consistent with FTT. The coin misplaced roughly 93.9% right through the remaining 14 days and on account of the Contract Deployer incident, it’s not ranked on coingecko.com.

On coinmarketcap.com, alternatively, it ranks # 209 on Nov. 18, 2022, out of 21,790 indexed crypto cash. After hitting its all-time worth top on Sept. 9, 2021, FTT was once ranked # 25 on coingecko.com and it had a $7.76 billion marketplace valuation.

Crypto Proponents Are Nonetheless ‘Bullish’ About Crypto Cash Like CEL and FTT, One Social Media Submit Says FTT Will Nonetheless Develop 3 Days After FTX’s Chapter Submitting

Nowadays, FTT has an absolutely diluted valuation of round $485,397,611 and it has recorded round $16,060,367 in 24-hour world industry quantity. In line with coingecko.com, “MEXC World is lately essentially the most lively alternate” on Nov. 18, 2022.



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