[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 58 KB, 600x655, 793D7C52-F00F-4C9D-98DD-9E7D5D2929C2.jpg [View same] [iqdb] [saucenao] [google]
52333734 No.52333734 [Reply] [Original]

What’s the chances of FTT making a recovery? I’d be willing to put 50 ETH into it right now for the memes.

>> No.52334063

>>52333734
Who would buy it to fund a recovery? It's a "utility" token that does fuck all that's majority held by a defunct hedge fund. Why would people buy it enough to drive the price back up massively again?

>> No.52334133

FTC volume and trade fees still growing, they just have to do their buy and burns and it would recover. They could buckle down and increase it from 33% to 90% have it satisfy their collateral and be back in the green.

>> No.52334171

>>52333734
0

The majority of it is held by a hedge fund that's attached to a bankrupt exchange that had lent them customer deposits. The primary utility of the token was to lower fees on FTX. But there's no FTX anymore.

Even if Alameda burned all their FTT, it would still go to approximately 0.

It's done. It's over. It's Celsius again.