FTXS Börsentoken FTT sees mysterious pump in the middle of the insolvency proceedings, SBF fraud allegations-market tactualizations

11. Januar 2023

Krypto News Österreich

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While the FTX bankruptcy case and the allegations of fraud against the co-founder Sam Bankman-Fried continue to develop, the value of the tokens of the stock exchange, FTX token (FTT), has increased considerably. The FTT has increased by 28.42 % since January 9, 2023 and is currently above the $ 1 range after it had fallen under this threshold.

ftt-token jumps by 28 % and rises via the $ 1 $

The value of the Börsentokens from FTX, ftt has experienced a clear increase in the last two days. On January 9, 2023, the coin will be $ 1.36 per unit. While some of these profits have been lost, the FTT is currently $ 1.22 per piece of Coin Coin from 9:30 a.m. Eastern Time on January 11, 2023. The reason for this increase in value is uncertain, since the tokenomics from FTT are tied to the now dissolved FTX exchange and its potential future growth.

FTT/USD chart on January 11th 2023.

ftts levels of the ownership concentration are extremely high, whereby a single address 59.55 % of the entire FTT offer is checked. In addition, an unknown hacker holds 45.85 million FTT tokens, which corresponds to 13.94 % of the circulating offer. Another unknown address holds 10 million FTT or 3.04 % of the total offer. The value of the FTT fell under the $ 1, 2022 and remained under this threshold until an increase on January 9, 2023.

The most active crypto borns that FTT are currently are Binance, Mexc Global, Kucoin, Gate.io and Sushiswap. At Sushiswap alone there are around $ 104,496 on FTT-trades, paired with wrapped Ethereum (Weth). The entire global trade volume for FTT is around $ 23.81 million on all stock exchanges worldwide. Since the all-time low of the FTT-TOKEN 12 days ago on December 30, 2022, when he reached $ 0.827 per unit, it has increased by 45.8 %. However, he remains 98.6 % below his all -time high of $ 84.18 per unit that was reached on September 9, 2021.

with Sam Bankman-Fried (Sbf) Financial fraud and FTX bankruptcy registration is the future of FTT uncertain. Nevertheless, the token did not experience the same severe decline as Terras Luna last May. The tokenomics of FTT were closely linked to that of FTX, including the provision of reduced fees for retailers on the now no longer existing crypto exchange and now on the Coin’s Tokenomics are disorders.

ftt belongs to many crypto-assets that have managed to survive despite a lack of development or clear tokenomics. In the meantime it has become a hobby on which traders can speculate, and in view of the continued scandal around SBF and FTX, it is difficult to take it seriously.

What do you think about the market performance of FTT in the middle of FTX's insolvency proceedings and the allegations of fraud against FTX's co-founder, Sam Bankman-Fried? Let us know your opinion on this topic in the comment area below.