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| FTX Token 
| #FTT
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| FTT Price: | $1.48 | | Volume: | $0.3 B | | All Time High: | $83.82 | | Market Cap: | $0.5 B |
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| Circulating Supply: | 328,895,112 |
| Exchanges: | 44
| | Total Supply: | 328,895,112 |
| Markets: | 71
| | Max Supply: | — |
| Pairs: | 48
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The last known price of #FTT is $1.48 USD.
 Please note that the price of #FTT was last updated over 210 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #FTT statistics should be considered as 'last known value'.
The lowest FTT price for this period was $0, the highest was $1.48, and the exact last price of FTT was $1.47898.
The all-time high FTT coin price was $83.82.
Use our custom price calculator to see the hypothetical price of FTT with market cap of BTC or other crypto coins. |
The code for FTX Token is #FTT.
FTX Token is 3.3 years old. |
The current market capitalization for FTX Token is $486,429,642.
FTX Token is ranking upwards to #69 out of all coins, by market cap (and other factors). |
The trading volume is very large today for #FTT.
Today's 24-hour trading volume across all exchanges for FTX Token is $338,102,854. |
| The circulating supply of FTT is 328,895,112 coins, which is 100% of the total coin supply. |
| Note that there are multiple coins that share the code #FTT, and you can view them on our FTT disambiguation page. |
How To Use Quant Zone To Automate Your Trading
Disclaimer: Please be very careful when building Quant Zone rules. A small mistake can lead to a large loss of funds as the QZ will continue to run every 15 seconds as long as the conditions set by the user are met, so be sure to double and triple check both the condition and the actions to ensure the QZ is coded to do exactly what you want. It is advised that after saving your QZ rule that you monitor its actions for a bit to make sure it is acting as intended. None of the following is trading advice, example trades are merely for illustrative purposes. Users should use the Quant Zone at their own risk.What is Quant Zone? The basics: QZ makes it very easy to build automated trading strategies allowing users to execute the most basic of strategies like scaling into/out of a position, to more complex strategies that would be hard to accomplish manually, such as basis trades, TWAPs, etc. Users can take advantage of this to decrease the amount of time and work needed to trade, to reduce slippage, and take advantage of opportunities 24/7/365. A QZ rule is made up of two parts, triggers and actions. The trigger is a condition, or set of conditions, that when met, trigger the QZ to execute the desired actions. When triggered, the QZ runs every ~15 seconds. The conditions can be a wide range of functions, like your position size on a given market or across your account as a whole; your account balance, available balance, or levera... 
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The FTX Foundation for Charitable Giving
FTX has grown tremendously this past year. Our daily volume is averaging $5b, our userbase has grown, and this week we unveiled trading on Blockfolio. Those are just the start; there’s a ton of big things on the horizon. We are pretty happy with how things have been going in 2021, both for us and for the crypto community as a whole. It’s important in times like these, though, to never lose sight of the fact that revenue and expansion can only ever be step one of a two-step plan; they are not ends in and of themselves. FTX was founded with the goal of having the largest possible positive impact on the world. That’s why, since the beginning of 2020, the exchange, its affiliates, and its employees have donated tens of millions of dollars to charitable causes, with some among us having pledged to donate the majority of what we make here. We’re proud of that, and we want to do more of it in the years to come. But as we’ve had more discussions around this topic, we’ve come to realize that something has been missing. It’s a cliché, but we couldn’t have done any of this without you, the users; no company can go without its customers, of course, but the phrase is doubly true in any situation where network effects are at play. And so it feels right that you have a say in where our collective donations go. That’s why we’ve started the FTX Foundation. Its mission is the same as our mission: to make the world not jus...
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Effective Altruism: Giving in Crypto
Join us on December 22nd at 5PM PST (01:00 UTC, 09:00 SG/HK) as the CEO of FTX, Sam Bankman-Fried, Founder of Ethereum, Vitalik Buterin, and Managing Partner at Dragonfly Capital, Haseeb Qureshi will be getting together before the holidays to share their views on giving in crypto, Effective Altruism, and their work in the space. In the spirit of giving, Sam, Vitalik and Haseeb will each be personally donating $50,000 to a charity of the community’s choosing. They have each selected one of their favorite charities, and will let Twitter vote which charity will be the recipient of the pooled $150,000 donation. Follow us on Twitter so you don’t miss the poll! At December 22nd at 5PM PST (01:00 UTC, 09:00 SG/HK), the Twitter poll will be finalized, and the panelists will make their donations to the winning charity to kick off the event. In addition, we welcome you to donate with us to these charities and will have a link to donate on the event’s page. It’s been a great year for the crypto industry. In the midst of celebrating all-time highs, it’s important that we as a community do our part and pay it forward. Sam, Vitalik, and Haseeb all organize their giving according to the philosophy of effective altruism. Effective altruism is an impact-focused approach to charity, using high-quality evidence and rigorous reasoning to determine how to improve the world as much as possible. It is also a community of people taking t...
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FTX gets a new look
We’ve had a lot of exciting new developments at FTX in the past few months. From stock trading to increased capacity for load to prediction markets to spot margin, we’ve heard what features the crypto community wants from an exchange, and we’ve listened. But while our products and features have evolved quickly, our user interface hasn’t changed much since we launched… Until today. We’re launching a new and improved version of the FTX site — all the products and functionality you’ve come to expect, but with a sleek new feel and easier access to the most important trading features. Just a few highlights:A collapsible side panel that shows all of FTX’s markets from any part of the site — searchable, filterable, and customizableTools for switching between, creating, and managing sub-accounts pages to make trading with multiple strategy easier than everTradingView chart settings that auto-save between usesMore natural layout customization: dragging, resizing, and rearranging that clicks into placeExecution information as you hover order the order-book: average price and cumulative size…and a bunch of other improvements Check it out! Be on the lookout for more from us — new products, features, and UI improvements are on their way. Reach out with any issues or ideas at feedback@ftx.com — we’d love to hear from you!
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Introducing Spot Margin Trading on FTX
A surprisingly large number of us come from a trading background. And as traders, we think a lot about capital efficiency and liquidity. This is reflected in some of the fundamental decision on the platform including subaccount-wide cross-margining system and easy ways to access leverage. Today we’re introducing spot margins which allows users to borrow additional funds for trading. Previously, when using FTX for spot markets, you must have adequate balances in the quote currency to exchange for the base currency. So if you had $10 in your account, you could only buy crypto worth upto $10 in the spot market. But what if you wanted to enter into a short position? Or you felt that a particular asset would 🚀 and wanted to take a more aggressive position? Now, so long as you hold sufficient collateral you may be able to enter those trades. But who are you borrowing the funds from and how much? When you open a margin position, you’re extended funds to cover the entire value of your trade. So, if you have $10 as collateral and buy Bitcoin worth $50, you’d be borrowing additional $40 (position would be $50 in BTC and -$40 USD). And these funds are coming from your peers on the platform who’ve decided to lend out their USD. And so correspondingly, we’re launching a platform whereby you can elect to lend your assets. For example, if you’ve got BTC that you want to hodl, you can decide to lend it on FTX to get yield f...
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FTX Global Volume Report
Today we’re releasing our investigation into cryptocurrency volume on exchanges around the world. To see our live-updating results, visit. CoinMarketCap has taken steps to identify fake volume, but there are still more to take. Studies like the one conducted by Bitwise Asset Management come up short in the other direction, filtering out too much real volume. Alameda Research, a global liquidity provider and our partner in this investigation, has the expertise required to draw a meaningful line between real and fake crypto volume. This report is accompanied by an in-depth paper that documents our methodology and analysis, where you can dive into our criteria, scoring method, and results. You can also read the article Forbes wrote about the report. Our goal is to provide FTX customers with more accurate data in order to make more informed decisions. We’re excited for the crypto community to use this report to navigate our cluttered ecosystem. Check out our volume report
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Margin Vs Futures
Let’s say you own 100 BTC and you want to hedge them. You have two options: short sell 100 BTC/USD on an exchange with margin trading, or sell 100 BTC futures. Which is better?Arguments for Margin Margin trading has two great properties. The first is fungibility. Let’s say you own 100 BTC on Coinbase and hedge it by shorting 100 BTC/USD on margin on Kraken at a price of $8,000. You can then send your 100 BTC over from Coinbase to Kraken, and immediately settle. Because your short position is literally a BTC short, you can combine your 100 BTC long with your {100 BTC short, $800k long} together to generate 800,000 US dollars, and then withdraw those dollars. You could then send those US dollars back to Coinbase and buy back your BTC, successfully completing an arbitrage in a day or less. On the other hand, let’s say you shorted 100 BTC futures on BitMEX (say the June expiring quarterly futures) to hedge your Coinbase BTC. Sure, you can send your BTC over to BitMEX to use as collateral for your BTC futures short position, but you can’t then settle the position and withdraw any USD. The BitMEX BTC futures don’t really become fungible with real, physical bitcoins until the expiration date at the end of the quarter. This means that while you can close down a margin hedge in a day, it often takes months to close down a futures position, and your 100 BTC of capital is tied up the entire time. The second large advantage...
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FTX Liquidation Process Flow Chart
FTX Liquidation Process FlowchartNormal Trading Say some account A deposits $1m of collateral to buy $5m of BTC futures. They are currently 5x leveraged, and a 20% BTC move away from bankruptcy. They can trade normally. Account A: Position: long $5m Assets: $1m Leverage: 5x Distance from bankruptcy: 20%.Orderly Liquidation Now say that BTC drops 11%. A has dropped below Initial Margin Fraction (10%) and can no longer send orders. Account A Position: long $5m Assets: $450k Leverage:11x Distance from bankruptcy: 9%. Cannot Send Orders Now say that BTC drops another 5.5%, or 16.5% total. Account A has dropped below Maintenance Margin Fraction (4%). Liquidation orders are being sent to the market to sell account A’s BTC futures. Account A Position: long $5m Assets: $175k Leverage: 29x Distance from bankruptcy:3.5%. Liquidation Orders Sent Now say BTC drops another 2%, or 18.5% total. Account A has dropped below Auto Close Margin Fraction (2%). The account’s entire position and balances are being sold to the Backstop Liquidity Providers and Insurance Fund. Account A Position: long $5m Assets: $75k Leverage: 67x Distance from bankruptcy:1.5%. Auto Closing Against BackstopsPrice Gap Finally, say that instead of the above, BTC gaps down 20.5% total, fast enough that FTX has not liquidated any of its position yet. Account A is now beyond bankrupt. Account A Position: long $5m Assets: -$25K Leverage: N/A Distance from bankruptcy...
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Our Liquidation Engine — how we significantly reduced the likelihood of clawbacks from ever…
Our Liquidation Engine — how we significantly reduced the likelihood of clawbacks from ever occurring You can see the specs here. You can also see a flowchart of the liquidation process here. It’s first worth making explicit: the thing that causes socialized losses, and clawbacks, and auto-delevering, is when an account goes beyond bankrupt. If a user has a leveraged futures position on and markets move against their account enough that their net asset value is negative, then someone has to pay for that loss; and in crypto you can’t reposses assets from the bankrupt account’s owner from outside the system, so you’re stuck with other users — the users who aren’t getting liquidated — footing the bill. Like most liquidation engines, the one FTX uses starts by detecting when a user has dropped below maintenance margin. Unlike many other platforms it chooses intelligent, efficient values for these — some other platforms, like OKEx, are fucked by the time a liquidation starts because their maintenance margin was too low and there is no way for them to liquidate such a large position so quickly. We send reasonable, volume-limited liquidation orders to close down positions that drop below maintenance margin (which starts at 4.5% and increases with position size). We don’t sell so quickly that the liquidation orders themselves will crash the market; that would be dooming the entire process. We als...
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 | Former FTX Executive Accused of Fueling a Charity Through Discounted FTT...
A former executive of FTX allegedly earned profits for a charity by purchasing discounted FTX tokens, FTT, before they became available to the public at $0.05 per unit, according to a report citing anonymous sources. Ruairi Donnelly, the former chief of staff at FTX, has been accused of donating the tokens to Polaris Ventures, a charitable organization based in Switzerland, which later sold the FTT for millions of dollars.Anonymous Sources Claim Polaris Ventures Gained Most of Its Wealth From FTT Transfer in 2019
According to a report from the Wall Street Journal (WSJ) on Tuesday, a charity associated with an FTX executive benefited by obtaining ftx tokens (FTT) at a discounted price. The charity in question is Polaris Ventures, a Swiss organization that claims to support artificial intelligence (AI) and effective altruism, anonymous sources familiar with the matter told the WSJ.
One specific AI organization that Polaris Ventures supported was the Cooperative AI Foundation, which received $15 million to support its cause and research. WSJ reporter Alexander Saeedy cites anonymous sources who claim that former FTX chief of staff Ruairi Donnelly purchased FTX tokens (FTT) at a discounted rate of $0.05 per unit, which was reportedly the going FTX employee discount at the time.
The sources allege that Donnelly used $562,000 of his own salary to acquire FTT at this rate. Saeedy's report suggests that Donnelly then donated the funds via a grant to Polaris, and that 'the foundation ...
|  | Former FTX Executive Generated Millions for His Charity Via FTT Insider ...
Ruairi Donnelly, former chief of staff at bankrupt crypto exchange FTX, used insider trading information of FTX tokens (FTT) to enrich his charitable foundation, Polaris Ventures.
A majority of Polaris's wealth came from Donnelly's initial transfer of FTT after he purchased the token before its public listing, the Wall Street Journal (WSJ) reported Tuesday, citing people familiar with the matter.
Polaris Made Millions of Dollars With FTT
According to WSJ, Donnelly was one of the first employees at trading firm Alameda Research before he became the chief of staff at FTX in 2019.
While working for both firms, Donnelly co-founded Polaris, a Swiss-based foundation that promoted research into effective altruism and artificial intelligence. When FTX was launched, the exchange offered Donnelly and other early employees a deal to purchase the FTT tokens for $0.05 each before they became publicly traded for $1.
Donnelly accepted the offer and asked FTX to exchange $562,000 of his salary for 11.2 million FTT tokens. At his request, FTX forwarded the tokens as a grant to Polaris. This was confirmed through the foundation's financial statements.
Polaris's Assets Are Stuck on FTX
Six months later, after FTT began trading publicly in 2020, the foundation made millions of dollars selling its stash in the open market. Notably, Donnelly was still an employee at FTX.
Later that same year, Donnelly resigned from FTX and Alameda to pay more attention to his work at Polaris. Eventually, the found...
|  | FTX's $5.5 Billion in Alleged 'Liquid Assets' Includes Locked SOL Cache ...
Two days ago, bankruptcy administrators and FTX debtors published an update for unsecured creditors claiming the discovery of $5.5 billion in liquid assets. Roughly $3.5 billion of these funds are cryptocurrency assets, with 11 different digital currencies classified as 'liquid assets.' However, two of the firm's top cryptocurrency caches are not liquid as the company's 47.51 million SOL tokens are locked and the firm's FTT balance distorts the realization of actual liquidity due to FTX's control of more than 80% of the supply.Locked Solana and Illiquid FTT Assets to Complicate FTX's Bankruptcy Process
On Jan. 17, 2023, FTX debtors published a press release and visual presentation of assets discovered since the company filed for Chapter 11 bankruptcy protection on Nov. 11, 2022. The FTX debtors claim to have found $5.5 billion via a 'herculean investigative effort,' with $3.5 billion reportedly being crypto assets. The visual presentation explains that FTX controls around $685 million in solana (SOL) tokens, approximately 47,511,173 SOL, and using today's SOL exchange rate, that cache is worth much more than $685 million.
However, the SOL owned by FTX debtors is locked and this aspect is not mentioned in the visual presentation shown to unsecured creditors. It has been reported that FTX/Alameda managed to purchase 16% of the SOL supply from the Solana Foundation, but there is a lockup schedule. The current stash of 47.51 million SOL equates to 8.82% of the total supply the S...
|  | FTX's FTT Token Spikes 43%, A Revival In The Works?
Amid a bull run, mini or not, literally, anything can pump in the crypto market, even a token such as FTX’s FTT Token. After the tragic fall of the exchange, everything about the exchange crashed, including its reputation. However, after a while, it seems as though a piece of the exchange is trying to stage a revival.
Over the past months following the exchange's bankruptcy incident, FTT had fallen from a ranging $25 market price to new lows of around $1. Though it may seem as if there is no hope for the token, some still find it useful as, in the past few days, traders have been seen accumulating the collapsed exchange's crypto in an attempt to make quick gains.
FTT Token Surges By Over 40% In 24 Hours
Amid the refreshing green market, FTT has taken advantage of the “mini bull run” and has done more than 50% in the last 7 days. At the moment, the FTT token is still printing bullish trends. From an intraday low of $1.64, FTT has skyrocketed to higher highs during the morning hours of January 16.
The sudden spike added over 150% to its value in the past 7 days. FTT is now trading at the highest level ever seen since the FTX fallout in early November.
At the time of writing, the FTT token is still pumping hard, with a 24-hour high of $2.62 and a current trading price of $2.33.
A Revival Happening? Given the state of the FTT token prior to the pump and the sudden surge, the chances appear to be less of a revival but instead a manipulation by traders wanting ...
|  | FTX's Exchange Token FTT Sees Mysterious Pump Amid Bankruptcy Case, SBF ...
As the FTX bankruptcy case and fraud charges against co-founder Sam Bankman-Fried continue to unfold, the value of the exchange's token, FTX Token (FTT), has seen significant growth. Since Jan. 9, 2023, FTT has risen 28.42% and currently sits above the $1 range, following a dip below that threshold.FTT Token Jumps 28% Rising Above the $1 Threshold
The value of FTX's exchange token, FTT, has seen a marked increase over the past two days. On Jan. 9, 2023, the coin reached $1.36 per unit. While some of those gains have been lost, FTT is currently holding above the $1 range at $1.22 per coin as of 9:30 a.m. Eastern Time on Jan. 11, 2023. The reason for this surge in value is uncertain, as FTT's tokenomics are tied to the now-defunct FTX exchange and its potential future growth.
FTT's levels of ownership concentration are extremely high, with a single address controlling 59.55% of the entire FTT supply. Additionally, an unknown hacker holds 45.85 million FTT tokens, comprising 13.94% of the circulating supply. Another unknown address holds 10 million FTT, or 3.04% of the total supply. FTT's value fell below the $1 range on Dec. 19, 2022, and remained below that threshold until a spike on Jan. 9, 2023.
The most active crypto exchanges trading FTT currently include Binance, Mexc Global, Kucoin, Gate.io, and Sushiswap. On Sushiswap alone, there is roughly $104,496 in FTT trades paired against wrapped ethereum (WETH). The overall global trading volume for FTT is approximately $23.81 ...
|  | FTX Token Jumps 65% As SBF Returns Home, Can FTT Hold The Gains?
FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the token. However, as the dust settles on the disgraced founder, the question now becomes whether the digital asset can hold the gains from yesterday.
FTT Jumps 65%
On Thursday, Bankman-Fried’s parents had put their home up to raise money for the $250 million bond put on the former CEO, with friends and associates speculated to have helped come up with the 10% collateral required for his release. However this was achieved, Sam was released under house arrest.
Soon after the news broke, the price of FTX’s native token FTT made a significant jump. After trending just below $1 for the better part of the week, the 65% push had brought it above $1.1. This brought renewed vigor to the market and momentum rightfully picked up.
The problem now is that FTT has not done a good job of holding onto these gains. Naturally, the brief surge in price had triggered sell-offs among investors looking to take out some profit, triggering another fall below $1. In the early hours of Friday, there had been a 9% jump that brought FTT’s price above $1 once more, but even this would not hold.
Support remains weak at $1 and it is now a battle between the bears and the bulls to turn this critical level in their favor. Right now, the bears re...
|  | FTX Completed the Blockfolio Deal Mainly in FTT Tokens: Report
The collapsed cryptocurrency exchange FTX reportedly paid 94% of the $84 million purchase of a majority stake in Blockfolio in FTT tokens.
The coin played a leading role in the platform's crash last month. CZ said Binance plans to dump its entire FTT stash (23 million tokens worth over $580 million at the time) amid rising worries about the over-exposure of FTX and Alameda towards the former's native asset.
New Data on the Blockfolio Deal
According to a recent Bloomberg coverage, FTX acquired a majority stake in the trading platform Blockfolio in 2020 using almost entirely FTT tokens (the native asset of the bankrupt exchange).
Sources previously disclosed that the former crypto behemoth financed the agreement with a mixture of digital currencies, cash, and equities, without providing accurate information. Initial reports suggested FTX spent $150 million to finalize the deal.
Established in 2014, Blockfolio became one of the leading firms in its field, amassing nearly six million customers in the following years. It shook hands with the notorious FTX to add a retail trading experience for its users and later took the name of the exchange.
For its part, the platform's native token was in the spotlight last month after Binance said it will sell its entire FTT holdings (worth $584 million at the beginning of November).
The move triggered a wave of customer withdrawals and FTX could not honor those requests. The exchange filed for bankruptcy ...
|  | SEC Charges Against FTX, Alameda Execs Wang and Ellison Reveal Key Findi...
On Dec. 21, 2022, members of U.S. law enforcement detailed that FTX co-founder Gary Wang and ex-Alameda Research CEO have pleaded guilty to financial fraud charges. The recent charges against Wang and Ellison highlight some key findings and according to the U.S. Securities and Exchange Commission (SEC), FTX’s exchange token FTT is considered a security. SEC Complaint Says SBF 'Directed' and 'Instructed' High-up Execs Like Caroline Ellison to Commit Fraud
U.S. attorney Damian Williams told the public on Wednesday that charges have been filed against Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. The Southern District of New York (SDNY) also told the press that Ellison and Wang were cooperating with federal law enforcement and the recent SEC charges identify key findings that were previously speculated on or were unknown at the time.
The first glaring evidence shows that the FTX co-founder Sam Bankman-Fried (SBF) said a lot of untruthful things during his recent media tour. The SEC charges show that lied during those interviews about specifics and the SEC accuses Bankman-Fried and Wang of “improperly [diverting] customer assets to Alameda Research LLC and its subsidiaries.” Moreover, the speculation and rumors that said SBF and Wang built a backdoor into FTX for Alameda are also reportedly true, according to the SEC’s accusations.
The SEC complaint says SBF, Wang, an...
|  | SEC Believes FTX's FTT Token Classifies as Security
The United States Securities and Exchange Commission (SEC) claimed that FTX Token (FTT), the native cryptocurrency of bankrupt crypto exchange FTX, is a security.
The claim was made in a complaint filed late Wednesday in the United States District Court for the Southern District of New York against former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang.
FTT Token Was Sold as an Investment Contract
According to the document, FTX's management team sold FTT as an investment contract from its inception. The company then used proceeds from its token sale to fund the exchange's business operations, growth, and development.
The SEC cited the FTT whitepaper and information posted on FTX's website, which described the asset as 'the token powering the FTX ecosystem.'
The Commission said the whitepaper highlighted the profit potential of the token, while the website made investors expect a share in the appreciation of the value of FTT.
'FTT was marketed as an investment that would appreciate in value as it grew and expanded in other ways. FTX represented that it 'carefully designed incentive schemes to increase network effects and demand for FTT, and to decrease its circulating supply',' the document read.
Market Manipulation
The SEC also alleged that the promise of returns incentivized investors to buy more tokens. Additionally, clients who held their assets for a longer period were promised lower FTX futures fees, and this was also designed to increase the demand ...
|  | FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Stru...
Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec. 19, as the token suddenly crashed below the $1 region during the mid-afternoon trading sessions, slipping to a low of $0.89 per FTT at 2:30 p.m. (ET).Bankrupt FTX's Exchange Token FTT Drops Below the $1 Price Range
Ftx token (FTT), the crypto exchange ERC20 coin tied to the now-defunct exchange, FTX, broke below the $1 support line on Monday, Dec. 19, 2022. Interestingly, unlike the Terra collapse and the native token LUNA dive bombing to zero, FTT fell from $25.78 per coin on Nov. 5, 2022, to roughly $1.59 per unit on Nov. 14, three days after FTX filed for bankruptcy protection.
FTT tapped $1.92 per coin the following day on Nov. 15, and it would not see that price height again after that point. For 38 consecutive days since Nov. 12, FTT has been below $2 and above the $1 range, and it tapped a high of $1.88 per coin on Dec. 9. 11 days later, FTT markets are struggling and for the first time since the token was launched, it reached its all-time low Dec. 19.
The exchange token sunk to $0.894 per unit at around 2:30 p.m. (ET) on Monday afternoon. On Tuesday, at the time of writing, FTT is down 8.6% against the U.S. dollar. While FTT’s price remains below $1, a myriad of crypto assets on Tue...
|  | Talks of Issuing a New FTT Token Fuel Coin's Price Despite FTT's Broken ...
Roughly 29 days ago FTX filed for bankruptcy, and the crypto ecosystem has been dealing with a rollercoaster ride of market fluctuations and community drama ever since then. Moreover, the now-bankrupt crypto trading platform’s exchange token FTT is still trading above $1 per unit, and it managed to climb 23.4% higher against the U.S. dollar during the past seven days.FTT Coin Pumps After Crypto Community Members and Sam Bankman-Fried Discuss a New FTT Token Idea
For some odd reason, the digital asset ftx token (FTT) is still holding value and on Dec. 10, 2022, it’s been trading for prices between $1.58 to $1.82 over the last 24 hours. FTT is an exchange token associated with FTX from the very beginning, and it was launched more than three years ago in 2019.
In fact, this week FTT’s price has increased 23.4% against the U.S. dollar and during the last two weeks, the price climbed 17.5% higher. It’s uncertain why FTT has risen more than 20% this week, but it might be because there’s been talk of issuing a new FTT token.
On Dec. 9, the crypto proponent Ran Neuner tweeted about the issuance of a new FTT token. “Fire up the FTX exchange,” Neuner said on Twitter. “Issue a new FTT token. Distribute the token to creditors/depositors. Accrue 100% of profits to token holders. It will be the biggest exchange in the world and users will be made more than whole,” Neuner added.
Interestingly, the disgraced FTX co-founder Sam Bankman-Fr...
|  | Bitget Airdrops Seed NFT With USD 2M Rewards to FTT Holders During World...
[PRESS RELEASE - Please Read Disclaimer]
The exchange sees users growth while the market sentiment seeks a safe and compliant trading platform
Seychelles, December 5, 2022 – Leading global cryptocurrency exchange, Bitget launches its Seed NFTs collection, together with attractive rewards and various perks, and will airdrop NFTs to qualified FTT holders amidst the World Cup period. With a reward pool of close to USD 2 million, this NFT collection is a part of the initiatives implemented by Bitget to assist users affected by FTX's collapse. With the aim of providing investors with financial aid and, at the same time, attempting to rebuild their confidence in crypto with its core values in mind: integrity and transparency.
Bitget’s latest airdrop for FTT holders is devised with two parts: first, the eligible users will have to connect their wallet to claim the Seed NFTs on OpenSea, and the NFT holder can then claim the rewards package on Bitget's platform. The package includes free trial funds, a 50% discount on BTC and ETH purchases, airdrop privileges of BGB and other exclusive perks. FTT holders with a balance of at least 10 FTT at the time of snapshot would be qualified to claim their NFT airdrop to unlock their allocated rewards according to their NFT rarity.
There are 10,000 Seed NFTs in total for eligible holders, with the rarity ranking from Beginner to Legendary to unlock different reward packages. NFT holders are also qualified to enter the BGB Bounty prog...
|  | Sam Bankman Fried Still Thinks FTT Was 'More Legit' Than Most Tokens
On Tuesday, Sam Bankman-Fried (SBF)’s first long-form interview since FTX’s bankruptcy was published to YouTube by citizen journalist Tiffany Fong.
On November 16th, the former CEO offered his perspective on a number of claims made about him since the bankruptcy, and the state of FTX US clients. He also reflected on FTT, the exchange’s native token which he maintained holds more intrinsic value than most other cryptos.
What Caused FTX and FTT to Collapse
Wong began by questioning SBF regarding prior claims that the CEO altered the FTX’s financial records using a “backdoor” that allowed to execute commands without alerting others. This claim was repeated multiple times by Reuters in the days after FTX’s insolvency, adding that the backdoor was used to transfer customer funds to FTX’s sister trading desk, Alameda Research.
“I certainly wasn’t building some backdoor in the system,” answered SBF during the call. “I don’t know exactly what they’re referring to.”
Specifically, Reuters had claimed on November 15th that the backdoor was built by Gary Wang – FTX’s head of engineering. Only Wang, SBF, and his innermost circle allegedly knew about the movement of funds.
Regarding FTT, SBF said that he doesn’t believe the exchange’s token was worthless. “I think its value is more economically underpinned than the average token was,” he said, because of...
|  | Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still ...
While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as the ‘FTX Accounts Drainer,’ still holds the second largest FTT wallet with 45.85 million tokens worth $61.44 million.FTT Remains Above $1 per Unit During the Past 2 Weeks Since the FTX Collapse
It’s been over two weeks since FTX filed for Chapter 11 bankruptcy protection and on that day, FTT was still trading for $3.46 per unit. 16 days later, FTT’s price has consolidated and during the past 24 hours, FTT’s been trading for prices between $1.33 and $1.39 per unit.
In fact, FTT has remained above a single U.S. dollar since Nov. 12, 2022, and it still has not breached the low it saw in September 2019, back when FTT traded for $1.15 per unit. On Sunday, Nov. 27, the exchange token backed by a bankrupt business has around $5.26 million in global trade volume. This week, FTT tapped a high of $1.53 per unit and a seven-day low of around $1.23 per FTT.
Since the inception of FTT, the ERC20 token has seen 411,970 transfers according to the blockchain explorer etherscan.io. On Nov. 27, approximately 24,874 wallets hold the FTT token but the largest wallet holds 195,869,338 FTT or 59.55% of the entire supply.
The second-largest FTT owner is the same person as the ‘FTX Accounts Drainer’ hacker and it...
|  | People Are Still 'Bullish' About FTT and CEL, 2 Tokens Backed by Bankrup...
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 Trades Above $1
While the FTX exchange collapse is a mess and the new FTX CEO said prior FTX leadership was a 'complete failure of corporate controls,' and it was 'a complete absence of trustworthy financial information,' the exchange token FTT is still trading for $1.48 per 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, FTT's 24-hour price range has been between $1.46 per unit to $1.62 per FTT. The coin lost approximately 93.9% during the last 14 days and because of 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 Proponents Are Still 'Bullish' About Crypto Coins Like...
|  | Scaramucci's SkyBridge Reportedly Bought $10M of FTT in Acquisition Deal...
SkyBridge Capital, the asset management firm of American millionaire investor Anthony Scaramucci, sold 30% stakes to the now-bankrupt Sam Bankman-Fried's crypto empire FTX in September before the exchange's sudden liquidity crisis earlier this month at an undisclosed amount.
However, the investment came with a catch as the fund manager was required to purchase FTX token (FTT), the native cryptocurrency of the FTX exchange. The move aimed to improve the token's price, people familiar with the matter said.
SkyBridge Spent $10M on FTT Purchase
According to reports, Scaramucci invested $10 million in FTT to honor the deal with FTX founder Sam Bankman-Fried (SBF), who resigned from his CEO position after the firm filed for Chapter 11 bankruptcy proceedings at a United States court earlier this month.
SkyBridge disclosed it would use a portion of the funds it received from FTX to purchase $40 million worth of digital assets to add to its balance sheet as a long-term investment.
However, with FTX now under the water, Scaramucci intends to buy back the 30% equity purchased by the exchange after his failed attempts to rescue the trading platform.
'My legal team and my other partners are working to buy back that stake to take him off of our cap table,' Scaramucci said, referring to SBF.
Scaramucci Urges SBF to Tell the Truth
The American went on a rescue mission earlier this week to the Bahamas to meet SBF and left after realizing the actual state of the situation.&...
|  | FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token's Question...
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform's exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token's utility is based entirely on the backing of the now-bankrupt FTX and Alameda Research, the token is still trading for $1.85 per unit. Moreover, FTT's deployer contract surprisingly unlocked 192 million FTX tokens on Nov. 12, 2022. While a few crypto exchanges have halted FTT deposits, crypto coin aggregation sites like coingecko.com have flagged the number of coins in circulation.A Suspicious FTT Unlocking Event Puts Crypto Community on High Alert
A touch after 9:00 p.m. (ET), the crypto community noticed that the ftx (FTT) deployer contract moved 192 million new FTT tokens. No one knows why this happened, but it has added 192 million previously locked tokens to the supply of 133,618,094 FTT that was circulating prior to the transfer last night.
Coingecko.com's website notes that the 'FTX token Contract Deployer has transferred out the entirety of supposedly locked FTT tokens into circulation.' In a now-deleted tweet, Binance CEO Changpeng Zhao (CZ) tweeted that Binance has halted FTT deposits. CZ said:
Binance has stopped FTT [deposits], to prevent [the] potential of questionable additional supplies affecting the market. We will monitor the situation.
Similar to the Terra fiasco, the FTX implosion took place in a matter of six days after Alameda Research's balance sheet wa...
|  | Alameda-Backed Tokens Suffer As FTT Fights To Stay Alive
In the wake of the FTX decline, the official token of the crypto exchange, FTT Token, has suffered a massive blow in the market. In the three days since Binance’s announced its intention to sell off its FTT, the token has recorded double-digit losses. However, the losses have not just been localized to one token, the general crypto market has suffered for it, but the worst of it has been reserved for the tokens Alameda Research has invested in.
FTT Token Slumps
In what has been a shocking development for the entire crypto space at large, FTT Token has crashed more than 80% in a matter of days. The token which was backed by the 2nd largest crypto exchange has continued to suffer significant setbacks.
In just the last 24 hours alone, the price of FTT is down more than 70%. The token is now trading at levels not seen since 2020. It has now also hit a new two-year low, making it one of the worst-performing coins of 2022.
The decline looks eerily similar to that of the LUNA token following the collapse of the Terra network. In the same vein, the cryptocurrency has lost billions of dollars off its market cap and is currently sitting at a fully diluted market cap of $1.5 billion.
FTT token trading at $4.459 | Source: FTTUSD on TradingView.com
Interestingly, the trading volume of FTT is up over 130% in the last 24 hours as traders try to take advantage of the token. Short traders have obviously enjoyed the most profit from their activities as FTT’s price dropped from $1...
|  | Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls...
FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise market eyebrows. Following speculation that FTX could be insolvent, Binance’s Changpeng 'CZ' Zhao moved to acquire the firm, pending due diligence. Solana is also significantly lower, due to FTX’s sister company Alameda currently holding large amounts of SOL.FTX Token (FTT)
FTX Token (FTT) continued to sink on Wednesday, as the token lost over 70% of its value in today’s session.
Following yesterday’s high of $19.51, FTT/USD plunged to an intraday low of $3.15 earlier in the day.
The move came as markets continued to digest Binance’s decision to agree to an acquisition of the firm, pending due diligence (DD).
Many believe that the DD could show the true significance of FTX’s balance sheet, which some expect could intensify the current sell-off.
As of writing, the 14-day relative strength index (RSI) is at 11.98, which is its weakest point on record, eclipsing yesterday’s record reading of 23.79.
Despite prices already in the depths of bearish territory, there could be more still to come, should 1) an acquisition not be completed, or 2) damning news be revealed about FTX.
Solana (SOL)
In addition to FTT, solana (SOL) was another notable loser on Wednesday, as the once top 10 cryptocurrency fell by nearly 40%.
SOL/USD dropped to a low of $16.47 on Wednesday, less than 24 hours after residing at a ...
|  | $640 Million Liquidated Amid Binance-FTX Fiasco, FTT Drops Below $10
Over $640 million in trades have been liquidated from crypto markets in the aftermath of FTX’s drama with Binance.
Markets experienced a brief rally after Binance announced its intention to buy FTX, but have since retraced while FTX Token continues to dump.
According to Coinglass, over $640 million in liquidations have taken place in the last 24 hours, with $182 million liquidated in the past hour alone.
The largest single liquidation took place on BitMEX on a Bitcoin / US dollar trade for $3.12 million.
Over $10 million in liquidations have occurred on FTX Token (FTT) trades. With over $3 million worth cleared in the past hour.
The token’s price began to collapse on Monday after Binance confirmed it would be exiting its 22 million FTT position.
Binance has now agreed to buy out FTX to help it navigate its “liquidity crunch.” FTX suffered overwhelming withdrawal demand earlier this week, and seemingly stopped processing withdrawals entirely on Tuesday.
Crypto markets seemed to rally immediately after the news, with Bitcoin returning above its $20,000 level. Even FTX token briefly recovered from $14.91 to $19.24 in the minutes after CZ and SBF’s respective tweets.
However, markets quickly took a reversal to some of their lowest levels in weeks.FTT is now worth just $9.09, per data from CoinGecko, and continues to collapse in real-time.
FTT / USD. Source: CoinGecko
Meanwhile, popular cryptos Bitcoin and Ethereu...
|  | Biggest Movers: FTT Down 30% on Tuesday, Falling to 21-Month Low
FTX token continued a recent sell-off on Tuesday, as prices slipped to their lowest level since February 2021. The decline comes as traders liquidated their positions, following recent tweets from Binance CEO Changpeng Zhao. CZ initially stated that the exchange would liquidate all its FTT, however he has now confirmed that Binance will be fully taking over its competitor, FTX.FTX Token (FTT)
FTX token (FTT) fell to its lowest level in 21-months on Tuesday, as traders continued to liquidate their positions.
The decline began after tweets from Binance CEO Changpeng Zhao over the weekend, who stated that the exchange would be moving away from FTT.
CZ tweeted, “Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books.”
Since this tweet, FTT/USD has fallen for three straight sessions, with today’s decline taking the token to a low of $15.56.
This is the lowest level that prices have hit since February 2021, and comes following a breakout of a key support point of $22.25.
Prices now seem to be oversold, with the relative strength index (RSI) now tracking at 23.79, which is its weakest point on record.
FTT has since rebounded, as CZ shocked markets by confirming, 'This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.'
As of writing, the token is now trading at $19.37.
Dogecoin (DOGE)
In addition to FTT, d...
|  | Ethereum Price Crashes Below $1,500, Why FTT and BNB Sparked Downtrend
Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE.
Ethereum started a major decline below the $1,550 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair is down over 7% and there is a risk of a move below the $1,420 support. Ethereum Price Dives
Ethereum failed to stay above the $1,600 level and started a major decline. BTC broke a major support near the $1,550 level and the 100 hourly simple moving average.
The recent drama and decline in FTT and SOL caused the market crash. Bitcoin, ripple, and BNB faced an increase in selling pressure. Ether price declined over 7% and there was a strong decline below the 76.4% Fib retracement level of the main increase from the $1,500 swing low to $1,675 high.
The price now trading below $1,500 and the 100 hourly simple moving average. It is trading near the 1.236 Fib extension level of the main increase from the $1,500 swing low to $1,675 high.
An immediate resistance on the upside is near the $1,500 level. The next major resistance is near the $1,540 level or the recent break down zone. There is also a major bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
A clear break above the ...
|  | FTX Stablecoin Reserves Dwindle After Binance Promises to Sell FTT
Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday.
ETH withdrawals from FTX have also tapped an all-time high, possibly signaling worry among depositors about the safety of their funds.
FTX Withdrawal Wave
According to a tweet thread from CryptoQuant CEO Ki Young Ju, FTX currently has $104.9 million worth of stablecoins in its on-chain reserves. Yesterday, he reported a figure of just $51 million – a 93% decline over a two-week period, and a yearly low.
Ju provided supporting data from Nansen on Monday, which indicated that FTX’s stablecoin reserves were at just $93 million. It also showed that the exchange had processed over $450 million in net outflows over the past 24 hours and nearly $700 million in the past 48 hours.
While FTX was losing depositors, Binance appeared to gain roughly $411 million in exchange inflows over the same time period.
“FTT token reserves across all exchanges reached an all-time high,” added Ju. “60% of the circulating supply is in exchanges.”
FTT is FTX’s native crypto token which provides a number of benefits to holders at the exchange. The token fell by 10% over the weekend after CZ confirmed that Binance would fully exit its FTT position, worth $584 million in total.
CZ said that selling off FTT was a form of “post-exit risk management,&rdq...
|  | Holding FTT And BNB? It Might Be Time For You To Get Out
Cryptocurrencies such as BNB and FTT have been seeing some downside in the last 24 hours. This follows an eventful weekend that has culminated in what has been a clear intention of crypto exchange Binance to begin dumping its FTT holdings. As a result, there is expected to be a reaction from both FTT and BNB when the exchange completes the dumping of its billion-dollar holdings in FTT.
Binance Pulls Out Of FTT
Social media was lit afire when Binance CEO Changpeng Zhao (CZ) said that the crypto exchange had decided to liquidate its FTT position. Now, Binance had been an incubator for the FTX exchange and when the exchange exited, it had received $2.1 billion in stablecoins and FTT tokens, which Binance has held until now.
However, according to CZ, the crypto exchange has decided that it is going to sell off its FTT holdings following recent “revelations”. Binance had already begun its sell-offs with almost $600 million worth of FTT tokens that were moved to the exchange to be sold.
CZ explained that they were actually looking at ways to sell the tokens while minimizing the impact on the market. The CEO said that the exchange usually just holds tokens that they get, but it had decided to go this way with FTT following what can only be speculated to be glaring red flags about the token or the FTX exchange.
It is no surprise that Binance is choosing to play it safe this time around. The Terra collapse had actually cost the exchange billions of dollars because i...
|  | FTT Drops 10% After Binance Vows to Dump Its Entire Stash of 23 Million ...
In a quick-paced turn of events over the weekend, Binance CEO Changpeng Zhao announced that his company would liquidate all FTT holdings given the “recent revelations.”
The statement made FTT price take a sharp plunge, falling by nearly 10% in 24 hours.
Binance Exits Its FTT Position
Even before what CZ said could sink in, blockchain users noticed huge amounts of FTT being offloaded on Binance from an unknown wallet. Later, CZ confirmed that Binance dumped 23 million FTX tokens worth $584 million as part of the liquidation.
Binance was one of the early investors in FTX, but it exited its position last year in a $2.1-billion deal, paid in BUSD and FTT.
Supporting his decision, CZ tweeted, “Liquidating our FTT is just post-exit risk management, learning from LUNA. We gave support before, but we won't pretend to make love after divorce. We are not against anyone. But we won't support people who lobby against other industry players behind their backs. Onwards.”
CZ, perhaps, was referring to Sam Bankman-Fried's recent blog post in which he made some comments against Defi, a cryptocurrency sub-sector that Binance has been betting big on lately.
What Are 'Recent Revelations'?
The “recent revelations” that CZ referred to in his tweet were about Alameda Research. Media reports based on leaked financials said that Alameda Research has billions of dollars of assets tied to FTX’s exchange token — FTT. Sam Bankman-Fried (S...
|  | FTX Sends 50,000 Ethereum To Voyager, FTX Token Witnesses Pump And Dump
In a recent report, FTX sent 50,000 Ethereum worth about $65 million to Voyager Digital's main wallet. The CEO of Nansen, a blockchain analytics firm, Alex Svanevik, confirmed the transaction in a tweet.
Due to the crypto winter, some crypto firms struggled with insolvency. This bearish market even pushed some crypto companies off the industry. Some companies even massively slashed their staff strength, while others stopped operations. Coinbase is amongst the firms that dropped 20% of its employees due to liquidity issues.
But among the companies that later halted operations is Voyager Digital. A source noted that the company stopped all transactions on its platform, including withdrawals, deposits, and rewards. Also, it later filed for Chapter 11 bankruptcy in July.
As Voyager threw open its door for asset auctioning last month, FTX emerged as the winner. By outbidding its competitor, Binance, FTX acquired about $1.4 billion worth of Voyager assets. The company has subsequently transferred some funds to the crypto lending firms.
FTX Transfers 50K Ethereum Without Court Approval
Recently, Voyager Digital declared an auction to sell its assets attracting several firms, including the crypto exchange, Binance. However, FTX US outbid other firms on September 26 and won the acquisition of Voyager assets.
The FTX US is to receive crypto assets valued at $1.4 billion for the completion of its acquisition. Voyager is expected to present the asset purchase agreement with FTX US for t...
|  | FTT Spiked to 3-Week High as Visa, FTX Revealed Crypto Debit Card
The financial services corporation - Visa - collaborated with the cryptocurrency exchange - FTX - to offer debit cards in 40 countries across the globe.
The cards are already available in the United States and will reach other Asian, Latin America, and European nations soon.
Visa's Next Crypto Move
In an interview for CNBC, Visa's Chief Financial Officer - Vasant Prabhu - noted that the ongoing crypto winter has not deterred the interest in digital currencies.
He explained that the cards launched by his firm and Visa link directly to the users' crypto accounts, and they can spend their holdings without moving them off the platform 'like you would with any bank account.'
Prabhu said Visa does not want to take a position on what the value of the cryptocurrency market would be in the long run or whether it is an appropriate investment instrument. However, he asserted that the company will provide digital asset services as long as people are intrigued by the sector.
FTX's Founder and CEO - Sam Bankman-Fried - commented that traditional payment firms should choose whether to embrace the crypto industry or 'fight against it.' He praised the decision of numerous such companies, including Visa, to select the first option.
SBF revealed that the cards are already available on American soil. In his view, though, they could be much more beneficial in other countries where national currencies have depreciated to worrying levels, such as Turkey and Argentina:
'Many of these things are pote...
|  | FTX (FTT) Token Flashes Buy Ahead Of A Rally, Will $35 Be Reclaimed
The FTX (FTT) token has had a difficult time, but it has recently flashed a buy signal, indicating that the price is poised to rise against tether (USDT). The crypto market's early week saw altcoin prices surge as most coins rallied with significant price gains, with the FTX (FTT) token poised to make a relief bounce. (Data from Binance)
FTX (FTT) Token Price Analysis On The Weekly Chart
Weekly FTT Price Chart | Source: FTTUSDT On Tradingview.com
The price of FTX has struggled to maintain its bullish momentum in recent months, as it was rejected from the $54 area, acting as a supply zone for most sellers.
Despite being a fundamentally strong coin of the FTX exchange and growing sentiment on its movement, FTT has struggled to recapture the bullish momentum it experienced. Nonetheless, FTT has reached a weekly low of $24.
The price of FTT on the weekly chart needs to break out with good volume for the price to have a good chance of trading higher. FTT must break and hold above the resistance at $30 to form a support for the price of FTT to move to a higher height, as the $30 mark is preventing FTT from trending higher.
If the price of FTT fails to break through this resistance region, we may see the price retest the lower weekly region of $24, which could act as a good buy zone to push the price of FTT higher and hold the sell-off.
Weekly resistance for the price of FTT - $30.
Weekly support for the price of FTT - $24.
Price Analysis Of FTT On The Daily (1D) Chart
Daily ...
|  | MoonXBT adds new USDT spot markets in DAI, ADA, AVAX, LTC, FTT, LI...
MoonXBT, a crypto derivatives & social trading platform, has now announced it has successfully launched new USDT spot trading pairs in the following markets:
DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USDT, FTT/USDT, LINK/USDT, and FTM/USDT.
The crypto margin trading platform offers up to 150x leverage and recently integrated fiat-gateway XanPool, to allow for easy deposits.
The post MoonXBT adds new USDT spot markets in DAI, ADA, AVAX, LTC, FTT, LINK, and FTM appeared first on CryptoNinjas.
|  | 21Shares Lists Decentraland and FTX Token ETPs on BX Swiss
The world's largest issuer of crypto ETP's 21Shares announced two new ETPs - tracking the performance of Decentraland and FTT. Both products will go live on the Swiss exchange - BX Swiss.
The exchange-traded products (ETPs) will allow traders and institutions to get exposure to the two assets without owning them outright. 21Shares Decentraland ETP (Mana) and 21Shares FTX Token ETP (AFTT) will be listed on BX Swiss, a Swiss stock exchange.
Decentraland (MANA) is a native token of the metaverse game by the same name. FTT, on the other hand, is the native cryptocurrency of the FTX exchange.
CEO and co-founder Hany Rashwan called the move a key milestone for the company as it aims to continue expanding its services.
Most recently, the firm launched ETPs tracking Aave, Chainlink, and Uniswap on the same Swiss exchange.
'Adding the worlds’ first NFT and single Metaverse ETP and one of the world's leading crypto exchanges to our product suite is a key milestone for us in making crypto accessible for everyone.' - Rashwan explained.
Decentraland is one of the largest metaverse gaming projects so far. Its token (MANA) allows users to access in-game features, including buying land. So far, some $180 million worth of digital land was sold in-game.
FTX is one of the largest crypto exchanges that signed numerous impressive partnerships in the past year or so. Its FTT token enables clients to stake it and get trading fee discounts as well as participate in governance.
21Shares is a...
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