FTT Coin, also known as
FTX Token, has frequently been in the news due to various developments and speculations. Initially, the coin soared tremendously, backed by repayment rumors, and was a hot topic in the market. Investors were curious about the fate of the cryptocurrency following declarations of creditor repayment plans and the sentencing of Ellison. The token further augmented amid looming bankruptcy distributions, offering an intriguing investment landscape. However, the restructuring plans for
FTX met some roadblocks, bringing some uncertainty for
FTT token holders. Despite this, the coin experienced a degree of resurgence, particularly after news emerged of potential plans to return billions to its creditors. The token's price even skyrocketed amid rumors of a hefty $16 Billion payout. FTT Coin saw a mixed response with high volatility, including a sharp rise followed by a significant fall after restructuring officers abandoned plans to restart the defunct
crypto exchange. Amidst all this, the rumor of FTX's revival sparked another surge in
FTT,
USTC, and
LUNA. The volatility of FTT coin continued as news of potential FTX 'reboot' caused a 33% jump in FTT price. The controversy surrounding FTT Coin offered no relief as
Binance decided to sell $529 Million of Bankman-Fried’s FTT Token. Despite the turbulent scenario,
FTT Coin managed to eliminate its YTD losses, bouncing up by 53%.
FTT Coin News Analytics from Tue, 23 Jul 2019 18:56:23 GMT to Fri, 18 Oct 2024 07:00:00 GMT -
Rating -2
- Innovation 3
- Information 7
- Rumor 5
