FTT, the fraudulent and insolvent token, outperforms entire daily market (opens in new tab)

(coinmarketcap.com)

3 pointsLinkLink3y ago4 comments

4 comments

4 comments · 3 top-level

LinkLinkOP3y ago· 1 in thread

Surely this is a whales effort of some kind to gain momentum or prop up the token for some sort of scheme? This is like Enron getting into the s&p 500 instead of being delisted.

senttoschool3y ago

Liquidity is so low that a whale can easily manipulate it. IE. Suppose someone is shorting FTT. A whale can pump up the price to liquidate the short.

Do not try to short FTT even though it's effectively a dead token.

senttoschool3y ago

Pump and dump. Tokens are useless. Some tokens are even more useless, like FTT.

FTT is effectively dead. It cannot be used for anything because FTX is no longer doing any trading and will need to file for bankruptcy.

LinkLinkOP3y ago

Buy volume is finally slowing down to (??normal??) looking distributions, maybe it was a pump but if so goodbye.

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