$FTT
is the native token of the collapsed FTX exchange. Originally used for trading fee discounts and utility within the FTX ecosystem, the token’s value is now tied to bankruptcy proceedings and creditor recovery outcomes, rather than active exchange utility.
📊 Market Performance Today
Price: Approximately $0.30 – $0.36 USD per FTT in recent trading across markets.
Market cap: ~ $100 M+ — a small fraction of its past peak.
All-time high: ~$84 in 2021 — representing a >99 % drawdown from peak.
The price remains highly depressed compared with its historical highs, and only a modest move would be required for it to still appear to be in a long-term downtrend.
📌 Fundamental Risks
⚠️ Bankruptcy & Legal Overhang
FTT’s future depends on the FTX bankruptcy resolution and how remaining assets are distributed to creditors. There is no active exchange backing it as in the past — essentially reducing its floating value to speculation on legal outcomes.
📉 Sentiment & Technical Weakness
Recent AI technical analysis shows:
Oversold RSI and negative momentum
Trading below key moving averages
Lack of positive catalysts in the near term
This technical picture favors continued downward pressure until meaningful news emerges.
🛑 Key Considerations
Speculative nature: FTT isn’t backed by an operational exchange.
Price tied to legal events: creditor payout windows and restructuring details can cause volatility.
High risk of further declines: without utility or relisting, it remains a distressed token