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

https://ift.tt/Su6AiMw
Ten 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 […]

from Bitcoin News https://ift.tt/n06eRGK