FTXPrice(FTT)
Details FTX (FTT) Price information (USD)
The current real-time price of FTT is $0.2872. In the past 24 hours, FTT has traded between $0.2846 and $0.3163, showing strong market activity. The all-time high of FTT is $84.18, and the all-time low is $0.2669.
From a short-term perspective, the price change of FTT over the past 1 hour is
FTX (FTT) Market Information
FTX (FTT) Today's Price
The live price of FTT today is $0.2872, with a current market cap of --. The 24-hour trading volume is 3M. The price of FTT to USD is updated in real time.
FTX (FTT) Price History (USD)
What is FTX (FTT)?
When is the right time to buy FTT? Should I buy or sell FTT now?
Before deciding whether to buy or sell FTT, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FTT technical analysis can provide you with trading references.
Future price trend of FTT
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FTT.
How much will FTT be worth tomorrow, next week, or next month in ? What about your FTT assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FTT Price Prediction
How to buy FTX (FTT)
Convert FTT to local currency
FTT Resources
To learn more about FTT, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x5c9d...0fb36b  | 195.869M | 57.42% |
ethereum | 0x97f9...a71e5c | 45.850M | 13.44% |
ethereum | 0xf977...41acec | 32.595M | 9.55% |
ethereum | 0x77f3...8774ff | 11.695M | 3.43% |
ethereum | 0xf02e...fe0713 | 9.640M | 2.83% |
Other | 45.492M | 13.34% |
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FTX (FTT) FAQ
What was the FTT Token and what was its original utility within its associated exchange's ecosystem?
FTT was the native utility token of the FTX cryptocurrency exchange, launched in May 2019. It was intended to be a core component of its ecosystem, providing various benefits to users. These included discounts on trading fees, use as collateral for futures positions, and staking for interest, referral fee fractions, enhanced voting rights, free withdrawals for certain tokens, and NFT rewards. The token also featured a deflationary mechanism where the associated exchange would repurchase and burn tokens using a portion of its weekly trading fees to manage supply.
What factors led to the collapse of the FTX exchange and the significant devaluation of the FTT token?
The FTX exchange collapsed in November 2022 due to severe financial mismanagement and legal issues. The core issue was the heavy reliance of Alameda Research, a trading firm linked to FTX, on FTT as assets. Alameda Research had allegedly used a substantial amount of customer funds from the associated exchange for risky investments, resulting in a significant capital deficit. A public report exposing Alameda's balance sheet triggered concerns among market participants. A prominent figure in the crypto space announced their intention to sell their FTT holdings, which intensified market apprehension and led to a "bank run." Customers rapidly withdrew their funds, overwhelming the exchange, which subsequently halted withdrawals and filed for bankruptcy.
Is the FTT Token still actively traded on cryptocurrency exchanges today?
Yes, the FTT Token continues to be traded on various cryptocurrency exchanges. However, it operates purely as a speculative asset, having lost all its original utility within the former FTX ecosystem.
What is the current significance and status of the FTT token?
In its current state, FTT primarily functions as a speculative asset, devoid of its initial utility. It has become a symbol within the digital asset market, representing the dramatic rise and fall of the associated exchange. The token now serves as a stark reminder of the substantial wealth destruction linked to the exchange's collapse, with ongoing regulatory scrutiny and its connection to alleged fraud discouraging new investment.
What is the anticipated outcome for FTT holders and the creditors involved in the FTX bankruptcy proceedings?
In the FTX bankruptcy proceedings, proposed repayment plans suggest that FTT claims are likely to be extinguished due to the token's nature, potentially leaving holders with no compensation. While the exchange has outlined intentions to liquidate assets and return funds to customers, such plans typically prioritize customer claims over those of token holders. The valuation of crypto assets for compensation is generally based on their rate at the time of bankruptcy filing, which often results in a significantly reduced payout compared to current market values.
Who were the founders of the FTX cryptocurrency exchange?
The FTX cryptocurrency exchange was founded in May 2019 by Sam Bankman-Fried and Gary Wang. Sam Bankman-Fried also served as the CEO of Alameda Research, a trading firm associated with the exchange.
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