🚨 FTT Shock: From $85 to $0.24 — Dead Coin or Comeback Play?
FTX Token (FTT) – Overview & Risk Analysis
FTT is the native utility token of the former FTX Exchange, which once ranked among the world’s largest crypto trading platforms before its collapse in 2022. Today, FTT trades as a high-risk, speculation-driven asset rather than a traditional utility token.
📊 Key Stats (from current data)
Market Cap: ~$197M
Fully Diluted Market Cap: ~$211M
Circulating Supply: ~328.9M FTT
Max Supply: ~352.17M FTT
24H Volume: ~$20.9M
Market Rank: #138
📈 Price History
All-Time High (ATH): $85.01 (Sept 2021)
All-Time Low (ATL): ~$0.24
Issue Price: $0.10
Launch Date: April 30, 2019
FTT has dropped over 99% from its ATH, making it one of the most dramatic collapses in crypto history.
⚠️ Important Risk Factors
❌ FTX exchange is bankrupt and no longer operating
❌ Original utility (fee discounts, collateral, buybacks) is mostly gone
❌ Price is driven largely by speculation and news, not fundamentals
❌ Legal and regulatory uncertainty still exists
🧠 Why Some Traders Still Watch FTT
Extremely low price compared to ATH
High volatility attracts short-term traders
Any legal recovery news or restructuring rumors can cause sharp pumps
🧾 Verdict
FTT is not a long-term fundamental investment. It is a high-risk, high-volatility token, suitable only for experienced traders who understand speculative plays.
📌 FTT = speculation, not utility.
Invest only what you can afford to lose.
#writw2earnn #Write2Earrn $FTT