FTT, originally the native token of the now‑bankrupt FTX exchange, has lost almost all its utility after FTX’s collapse and now trades largely as a distressed speculative asset.
The price is currently around $0.30–$0.35 USD and remains deeply in a downtrend, having dropped well over 99 % from its peak near $85 USD in 2021.
Technical indicators show persistent oversold pressure and continued selling momentum, with price below key moving averages and weak buyer interest.
FTT’s prospects are tied to legal and bankruptcy outcomes rather than ecosystem growth, making price catalysts largely event‑driven (e.g., creditor distributions).
Broader market sentiment in “risk‑off” phases has hit distressed tokens hardest, and FTT often underperforms larger crypto assets.
Without clear use cases or relistings, FTT remains speculative, with price swings driven by news and sentiment more than fundamentals.
$FTT #FTToken #ftt