November 23, 2024

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Despite FTX’s Collapse, FTT’s $535M Market Cap Highlights Crypto Absurdity

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Despite FTX’s Collapse, FTT’s 5M Market Cap Highlights Crypto Absurdity
Despite FTX’s Collapse, FTT’s 5M Market Cap Highlights Crypto AbsurdityTen days ago, the FTX estate overseeing the bankrupt company’s proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit. Astonishingly, despite being tied to a failed crypto exchange, this token still holds a market valuation of $535 […]