NIGHTEYE

SỰ SỤP ĐỔ CỦA FTX: SCANDAL TIỀN ĐIỆN TỬ LỚN NHẤT TRONG LỊCH SỬ

Giới thiệu

Vào tháng 11 năm 2022, sự sụp đổ của FTX, một nền tảng tiền điện tử lớn, đã gây chấn động trong ngành công nghiệp tiền điện tử và thế giới tài chính rộng lớn hơn. Người sáng lập và CEO của nền tảng này, Sam Bankman-Fried, đã bị buộc tội về các tội phạm tài chính và vi phạm tài chính chiến dịch, bao gồm lừa đảo qua mạng và rửa tiền. Những gì xảy ra tại FTX được coi là một trong những thất bại gây chấn động nhất trong lịch sử tài chính, phơi bày những điểm yếu sâu sắc trong ngành công nghiệp tiền điện tử.

In the ever-chaotic world of Solana meme coins, one token has been stealing the show lately: $PIPPIN — the whimsical, AI-generated unicorn that's turned from a fun experiment into a serious market mover. The PIPPIN/USDT pair is lighting up trading screens across centralized and decentralized exchanges, with massive volume and eye-popping gains driving FOMO across crypto Twitter. 🚀

As of February 10, 2026, here's the latest snapshot:

- Current Price: ~$0.35 – $0.37 USD (with 24-hour surges hitting +30% to +45% in strong sessions) 📈
- 24-Hour Trading Volume: $40M – $50M+ (sometimes spiking higher during pumps) 🔥
- Market Capitalization: Approximately $350M – $375M 🏦
- Circulating / Total Supply: 1 billion tokens (fully unlocked, no hidden mints) ♾️
- All-Time High: Around $0.61 (reached late 2025) 🌕
- Recent Performance: Strong weekly momentum, often reclaiming key levels like the 200-period MA on charts.

Data pulled from trackers like CoinMarketCap, CoinGecko, and on-chain sources shows consistent buying pressure, especially on the PIPPIN/USDT spot and perpetual pairs.

The Magical Origin Story of PIPPIN 🦄🍄
PIPPIN was born from a creative spark by Yohei Nakajima, the mind behind BabyAGI — one of the earliest and most influential open-source autonomous AI agent frameworks (launched back in 2023 with huge GitHub traction). Using advanced LLMs like ChatGPT-4o, Yohei generated a simple SVG unicorn... and the AI named it Pippin all on its own! 😍

What started as a lighthearted social media post exploded when the community launched it on Solana via pump.fun mechanics. Contract address: Dfh5DzRgSvvCFDoYc2ciTkMrbDfRKybA4SoFbPmApump.

The lore is pure charm:
"Just a wobbly little unicorn, listener of whispers, chaser of sunbeams, friend to mushrooms." 🌈🍄

The project mixes adorable meme vibes with real AI agent experimentation — positioning Pippin as an autonomous digital character active on X. Official hub: pippin.love 💕 — full of gentle, enchanting storytelling under "Wobbly Worlds."

Trading Hotspots & Liquidity ⚡
PIPPIN/USDT dominates activity on:
- CEX giants like Gate.io (top spot volume), MEXC, Bybit, Binance Futures, OKX, LBank, BitMart, CoinEx
- DEX: Raydium (PIPPIN/SOL pools see huge liquidity flows)

Perps on Bybit, Binance, and OKX add leveraged fuel to the fire, pushing open interest higher during rallies.

What's Fueling the Fire Right Now? 🌟
- Killer narrative combo: AI agent + cute unicorn + credible founder (Yohei is followed by big names in tech/VC) 🧠🦄
- Solana meme season still raging — fast txns + low fees = perfect pump environment
- Viral community energy, whale accumulation, and endless FOMO cycles on X 📣
- Shift from "pure meme" to "utility meme" with ongoing AI framework experiments

The Reality Check ⚠️
Meme coins = extreme rollercoaster rides. PIPPIN has seen 50%+ drawdowns before and relies heavily on hype & sentiment. High supply concentration among early holders/whales means sharp dumps are always possible. DYOR, manage risk, never go all-in, and enjoy the ride responsibly! 🎢💸

For now, this wobbly unicorn is galloping hard in early 2026 — blending AI dreams with meme coin madness. Will it keep mooning or take a breather? The charts (and community) are watching closely.

What do you think, Moon incoming or pullback ahead? 🌙✨ Drop your take! 😄

🦄
$pippin , $BULLA , $SOL

FTX Token (FTT) Price Action & The Real Reasons Behind the Rally

📊 THE CURRENT SITUATION

Current Price: $0.3466 USDT

24h Change: -6.55% ❌

7d Change: -12.28% ❌

30d Change: -12.81% ❌

Wait... FTT is actually DOWN, not pumping! 😅

But here's what's happening:

🔥 Why FTT KEEPS Pumping (Despite Fundamentals Being Broken)

1. Creditor Payout Deadline Speculation 📅

The FTX Recovery Trust set February 14, 2026, as the record date for its next creditor distribution cycle, with payouts expected in March. 💰

What this means:
Verified creditors getting cash back from bankruptcy estatePeople holding FTT betting that creditors will buy/hold rather than sellFront-running potential liquidity inflowsTraders betting on "surprise positive news"

Historical pattern: Previous payout dates saw FTT spike 50%+ (e.g., +50% in September 2025) 📈

2. Technical Rebound (Oversold Bounce) 📉➡️📈

Oversold RSI (33.46) triggered short-term buying.

What this means:

RSI below 30 = oversold conditionsBots/traders buy oversold dips automaticallyBounce doesn't require positive fundamentalsShort-term dead cat bounceCould reverse anytime

3. Legal Developments Reducing Uncertainty ⚖️

Recent settlements with FTX-linked celebrities (e.g., Shaquille O'Neal) and progress in Sam Bankman-Fried's appeal process eased fears of sudden regulatory actions.

What this means:

Less headline risk = less panic selling
Reduces "worst case" scenario fears
Market rewards "removal of bad news"
But doesn't create positive fundamentals

4. The "Hype Narrative" Around SBF's Legal Drama 📰

SBF Legal Drama – Appeals, pardons, or new posts could spark speculative pumps. His X account posts (e.g., a "gm" tweet in Sept 2025 caused a 60% pump).

What this means:

FTT is essentially a meme token on SBF sentiment
Any legal news = instant volatility
Pardon speculation = instant pumps
Completely disconnected from utility

⚠️ THE HARSH REALITY: Why FTT Fundamentals Are BROKEN

Problem 1: Zero Utility 💀

Without a live platform, FTT's deflation is cosmetic. FTX's custody and platform are defunct.

What this means:

FTT was supposed to be an exchange token
Exchange is bankrupt and shut down
Token has no use case anymore
Not staking, not discounts, not governance

Problem 2: Liquidation Risk 🌊

FTX Token Contract Deployer has transferred out the entirety of supposedly locked FTT tokens into circulation. The FTT tokens still sit on the withdrawn address and it is heavily assumed that it may liquidated at any time as decided by the liquidation firm responsible.

What this means:

Bankruptcy estate holds massive FTT
Could dump on market anytime
Unlimited sell pressure possible
Price could crash 50%+ in hours

Problem 3: Negative Sentiment 😞

"FTT pump, ada narasi liar... kalo mau beli ini high risk, (high risk high return) belinya duit siap ilang aja" – Acknowledges FTT's potential for sharp, news-driven pumps but frames it as a purely speculative gamble with capital likely to be lost.

Community consensus: This is a gamble, not an investment. 🎲

📈 TECHNICAL ANALYSIS: WHAT THE CHART SAYS

Looking at your FTT/USDT 15-minute chart:

Bearish Indicators: 🔴

✅ Price below all EMAs (20, 50, 100, 200)
✅ All EMAs in downtrend (sloping down)
✅ Lower highs, lower lows pattern
✅ Price rejected at 0.3810 resistance

Neutral to Bearish Signals: 🟡

⏱️ RSI oversold (good for bounce, but temporary)
⏱️ Recent bounce but no follow-through
⏱️ Volume not confirming the move

The Chart Story: 📊

This is a dead cat bounce. 📉➡️📈➡️📉

Not a reversal. Just a temporary relief bounce on oversold conditions.

🎯 SHOULD YOU BUY FTT NOW?

SHORT ANSWER: 🚫 NO

LONG ANSWER: 💭

Reasons NOT to buy:

❌ Zero fundamental value
❌ Bankruptcy estate can dump anytime
❌ No use case (exchange is dead)
❌ Still down 80%+ from ATH
❌ Better risk/reward elsewhere
❌ High chance of liquidation

Only reasons to consider:

✅ Pure speculation on legal developments
✅ Swing trading oversold bounces (risky)
✅ Belief in "FTX 2.0" revival (extremely unlikely)
✅ You can afford to lose 100% of your investment

🔮 WHAT'S NEXT FOR FTT?

Scenario 1: The Dump (60% probability) 💥

Bankruptcy estate decides to liquidate
Sells massive FTT holdings
Price crashes 50-80% in days
Dead forever

Scenario 2: The Bounce (25% probability) 📈

February payouts create buying interest
Price rallies to $0.50-$0.60
Fails to sustain
Continues downtrend

Scenario 3: The "FTX 2.0" Miracle (5% probability) 🦄

Someone buys the exchange and rebuilds it
FTT gets utility again
Token launches into orbit
Extremely unlikely

Scenario 4: Legal Drama (10% probability) 📰

SBF gets pardon
Court rules in creditors' favor
Speculation pump to $1+
Still ultimately fails long-term

💡 THE BOTTOM LINE

What FTT Actually Is Right Now:

A liquidation risk disguised as a trading opportunity. 🎭

It's not:

❌ An investment
❌ A long-term hold
❌ A fundamentally sound token
❌ Backed by an operating business

It's:

✅ A speculation play on legal news
✅ A technical bounce trade
✅ High risk / high reward gambling
✅ For degenerate traders only

🎬 TRADING RECOMMENDATION

IF YOU MUST TRADE FTT:

Short-term scalp: 🎲

Entry: 0.3400-0.3500 (current levels)
Target: 0.3800-0.4000 (quick bounce)
Stop Loss: 0.3200 (below support)
Risk/Reward: 1:2
Probability of success: ~40%
Expected value: Negative ❌

Position size: 1-2% of portfolio MAXIMUM

You WILL lose money on this eventually
Treat it like a lottery ticket
Don't let it hurt your portfolio

🚀 BETTER ALTERNATIVES

Instead of FTT, consider:

🟢 Solid CEX tokens: BNB, FTT's safer competitor
🟢 DeFi tokens: UNI, AAVE (with actual utility)
🟢 Blue chips: Bitcoin, Ethereum (boring but safe)
🟢 High-risk alts: At least ones with actual utility

📚 KEY TAKEAWAYS

📚 KEY TAKEAWAYS

FTT is pumping because: Creditor deadline hype + oversold rebound + legal news reduction 📅FTT fundamentals: Completely broken 💀Liquidation risk: Very real, very dangerous 🌊Investment case: There is none 🚫Trading case: Risky but possible as a scalp 🎲Long-term outlook: Further downside 📉

Remember: FTT remains excluded from FTX's bankruptcy recovery process, capping upside.

This is a zombie token walking. 🧟

Article Date: February 10, 2026

Disclaimer: Not financial advice. $FTT is extremely high risk. Do your own research. 🚨

#FTT #FTX #Trading #Crypto #Bankruptcy 📊
$FTT , $RIVER