Anyone know why FTT price started to rise just now?

[adaseb]

Basically SOL started to pump and then we got the good news about finding all that hidden money along with a possibility of restarting the exchange so it started to pump along with SRM and FTT.

However the token has no utility anymore and will be useless. People are buying it because they think it will be used again for no maker fees but the chance of that is very low and somebody will be left holding the bag.

[Wind_FURY]

Basically SOL started to pump and then we got the good news about finding all that hidden money along with a possibility of restarting the exchange so it started to pump along with SRM and FTT.

However the token has no utility anymore and will be useless. People are buying it because they think it will be used again for no maker fees but the chance of that is very low and somebody will be left holding the bag.

Solana, SRM, FTT, and all of the other shitcoins are pumping/surging merely because Bitcoin is surging. I believe OP should be asking WHY Bitcoin's price is starting to rise? Is it a mere pump, or is there probably another Chad investor from legacy who wanted to Buy the DIP, and HODL? Because there's no other reason to buy BITCOIN now except as a long term investment, and who would buy FTT as a long term investment?

[Mpamaegbu]

I'm certainly not the most qualified person to answer your question but I recently came across an article claiming that the FTX exchange was able to recover 5 billion dollars in assets (including  other cryptocurrencies, cash, and other liquid assets) in an effort to repay its customers, which could possibly justify the recovery FTT is marking.

Source: https://cryptopotato.com/ftx-locates-5-billion-in-assets-attorney-says-report/

Yes, that's a pointer. However, there are some investors who are equally buying based on crowd mentality. They believe that since there's a recovery sought of that the token and exchange are likely to bounce back. This is a classical example why no one should follow the crowd. I once bought into a dead project (I mean, the project was already dead but I didn't know) because I saw a momentary price rise and it was cheap. I believe that's what people are doing now with FTT. Since then, I learnt to always visit and verify from every project's telegram handle before buying. This has helped me a lot.

[michellee]

Anyone know why FTT price started to rise just now?

I'm searching on google but not found any news, not even found on any Twitter from any person related to case of ftx.

I'm asking here to know about the reason. Thanks

I don't know why FTT prices can go up again and I also don't want to find out because I'm done with FTT. There are still many coins that I can use as my investment and I'm too afraid to invest in coins that have given investors a bad experience. But I'm not one of those investors who had that bad experience because I don't invest in FTT.

There might be a lot of people who will say that it's because of rumours about recovering funds on the FTX exchange and we also don't know if those rumours are true or false. If you want to invest in FTT, you have to be careful and try to find out as much information as possible to know whether you are worth investing in FTT or any other coin.

[BenCodie]

The same thing occurred when Luna plummeted, the token became extremely volatile at all time low levels. It's to be expected with FTT as well, especially when the market experiences some bullish action.

[NicNacCoin]

Anyone know why FTT price started to rise just now?

I'm searching on google but not found any news, not even found on any Twitter from any person related to case of ftx.

I'm asking here to know about the reason. Thanks

As the price of all coins increased, so did the price of FTT. A few days ago I heard that the FTX platform recovered five billion dollars. But I have no idea how true that is. I can say from my personal experience that none of you should invest thinking this FTT is pumping. Maybe it's pumping temporarily. If you invest here, you will be taking a lot of risk. The market can become dumping at any time. So none of you do risky work, be careful.

[Ultegra134]

Yes, that's a pointer. However, there are some investors who are equally buying based on crowd mentality. They believe that since there's a recovery sought of that the token and exchange are likely to bounce back. This is a classical example why no one should follow the crowd. I once bought into a dead project (I mean, the project was already dead but I didn't know) because I saw a momentary price rise and it was cheap. I believe that's what people are doing now with FTT. Since then, I learnt to always visit and verify from every project's telegram handle before buying. This has helped me a lot.

The exact same thing happened with Terra Classic/Luna and its stablecoin, USTC. People are thinking that others will rush to purchase because something positive occurred, and a recovery is imminent or at least probable. And it's how exactly pumps and dumps happen.

This is gambling. High risk, high reward. If you are using this pair on your trade, just be careful, because, of volatility, the price could go up x2,x3 in just a short period of time.

I even saw on Twitter that someone shared a technical analysis with a chart about FTT that they are expecting FTT will go back to $10 after the recent pump.

The reward in some cases may be extravagant, but certainly not for me. Those who are for the thrill will be willing to take such a risk, but personally, I tend to stick to safer options, like holding or even occasionally trading Bitcoin, which I used to do in the past. I could perhaps try it once with a limited amount of money, but apart from that, it's a no-go.

[jostorres]

Some people on Twitter are speculating that there's a good chance that FTX ends up being solvent after all after selling the shares of FTX Ventures(Robinhood, etc). And add the fact that FTT is currently very illiquid — you can easily get pumps such as this.

That's right, the state of the FTT coin is actually showing some similarities with Terra Luna and USTC, which went through a great number of pumps and dumps that, if you took advantage of them, you could potentially earn a lot of money. We're talking about 10 times within a day. I remember seeing USTC at $0.005, and the next day it was $0.055 and dumped shortly after. If you supposedly had invested $1,000, you'd receive more than $5,000 in less than a day. That's a great yield but a pure gamble; it's extremely risky and nerve-racking.

And speaking of Luna, there are new threads that are popping up lately about it, telling that it is price is showing some increase once again and then their volume looks pretty good. It strange that risky coins like this are seem to make a comeback but many of us thought that they are dying already.

I wouldn't be surprised if the next on the list will be the meme coins but we shouldn't FOMO and join the trend because like I said earlier they are risky coins, so there is a chance that we can get trapped. We must remember that Less riskier coins are recovering now, and maybe won't take for the bull run to come, so better if we can just stick on them.

[stomachgrowls]

Some people on Twitter are speculating that there's a good chance that FTX ends up being solvent after all after selling the shares of FTX Ventures(Robinhood, etc). And add the fact that FTT is currently very illiquid — you can easily get pumps such as this.

That's right, the state of the FTT coin is actually showing some similarities with Terra Luna and USTC, which went through a great number of pumps and dumps that, if you took advantage of them, you could potentially earn a lot of money. We're talking about 10 times within a day. I remember seeing USTC at $0.005, and the next day it was $0.055 and dumped shortly after. If you supposedly had invested $1,000, you'd receive more than $5,000 in less than a day. That's a great yield but a pure gamble; it's extremely risky and nerve-racking.

And speaking of Luna, there are new threads that are popping up lately about it, telling that it is price is showing some increase once again and then their volume looks pretty good. It strange that risky coins like this are seem to make a comeback but many of us thought that they are dying already.

I wouldn't be surprised if the next on the list will be the meme coins but we shouldn't FOMO and join the trend because like I said earlier they are risky coins, so there is a chance that we can get trapped. We must remember that Less riskier coins are recovering now, and maybe won't take for the bull run to come, so better if we can just stick on them.

Just like on what others been saying that there are people who do really loves to play with fire and make out some gambling out of those dying coins or to those projects who do have recent issues or back in the past
where it seems that they are going to die.

This is something not that new into this market on which there are really investors who would really be loving out to buy these type of coins believing that they might be having some pumps one day.
This is why we do really see this kind of condition where those so called coins or tokens did really make out some increase and make money. Sorry for those who missed out but
this is something very risky to take.

[Rengga Jati]

Anyone know why FTT price started to rise just now?

I think we should be more careful with incidents like this because who knows this is a pump-and-dump scheme by some parties to at least reduce their huge losses. Even now, the price of FTT is still very dropped and has dropped so drastically. This is proven to be a pump-and-dump scheme. pity for the people or especially those who have just been crypto and become one of the victims. I think the FTX era is over and it would be better if we stay away from related coins or projects. Not for any reason, but the logic is very real, and we don't want to put into a very big risk again.

[Wind_FURY]

Anyone know why FTT price started to rise just now?

I think we should be more careful with incidents like this because who knows this is a pump-and-dump scheme by some parties to at least reduce their huge losses. Even now, the price of FTT is still very dropped and has dropped so drastically. This is proven to be a pump-and-dump scheme. pity for the people or especially those who have just been crypto and become one of the victims. I think the FTX era is over and it would be better if we stay away from related coins or projects. Not for any reason, but the logic is very real, and we don't want to put into a very big risk again.

A pump and dump scheme that's merely taking advantage of the fact that Bitcoin is surging. It would be very laughable if ANYONE who posted in the topic actually believes that FTT is a "good long term investment". The exchange is bankrupt, the owner is a fraudster, and owner's co-founders are giving the government the information needed to put him in jail.

[yhiaali3]

Yes, I saw the rise of FTT, but that did not surprise me much. If you remember what happened after the collapse of Luna, you will know the reason. Such coins, in which a collapse occurs, there is a great opportunity to pump them easily for several reasons:

- Some simple people think that it can return to its previous price, so they start buying and collecting.
- Also, people who had large investments will participate in the work of this pump, so that they may recover some of the losses they obtained as a result of the
  currency collapse.
- Speculators who take advantage of any big move or pump also help these pumps work to get some quick profits.

There are other reasons of course, so you should expect more than one pump like what happened with Luna for the coin to finally take its real price.

[tvplus006]

I'm certainly not the most qualified person to answer your question but I recently came across an article claiming that the FTX exchange was able to recover 5 billion dollars in assets (including  other cryptocurrencies, cash, and other liquid assets) in an effort to repay its customers, which could possibly justify the recovery FTT is marking.

Source: https://cryptopotato.com/ftx-locates-5-billion-in-assets-attorney-says-report/

Those who bought the coin at the lowest price will use any positive news that is associated with the FTX exchange and its former SBF head to pump FTT. Whether this will be the last bump, before the final dump, will depend again on how the issue related to the further functioning of the exchange will be resolved, since FTT is an exchange token.

[Ultegra134]

Some people on Twitter are speculating that there's a good chance that FTX ends up being solvent after all after selling the shares of FTX Ventures(Robinhood, etc). And add the fact that FTT is currently very illiquid — you can easily get pumps such as this.

That's right, the state of the FTT coin is actually showing some similarities with Terra Luna and USTC, which went through a great number of pumps and dumps that, if you took advantage of them, you could potentially earn a lot of money. We're talking about 10 times within a day. I remember seeing USTC at $0.005, and the next day it was $0.055 and dumped shortly after. If you supposedly had invested $1,000, you'd receive more than $5,000 in less than a day. That's a great yield but a pure gamble; it's extremely risky and nerve-racking.

And speaking of Luna, there are new threads that are popping up lately about it, telling that it is price is showing some increase once again and then their volume looks pretty good. It strange that risky coins like this are seem to make a comeback but many of us thought that they are dying already.

I wouldn't be surprised if the next on the list will be the meme coins but we shouldn't FOMO and join the trend because like I said earlier they are risky coins, so there is a chance that we can get trapped. We must remember that Less riskier coins are recovering now, and maybe won't take for the bull run to come, so better if we can just stick on them.

Some people, including myself, bought large amounts of Luna, taking advantage of the significantly low price with an extremely low budget and without having any expectations. I knowingly bought them, knowing that they were a lost cause, and because I anticipated that people would rush to buy them for whatever reason. However, how are Luna and FTT not dead coins? Both have failed, and their developer is long gone; just because their price might be increasing and there's a possibility of taking advantage of it doesn't mean that it's still alive. There definitely is a possibility to yield large amounts of money, but from my perspective, it's way too risky.

[tbct_mt2]

Some people, including myself, bought large amounts of Luna, taking advantage of the significantly low price with an extremely low budget and without having any expectations. I knowingly bought them, knowing that they were a lost cause, and because I anticipated that people would rush to buy them for whatever reason.

It is gambling if you catch a falling knife when it has yet touched the ground. It is good enough if you catch it at the ground but it is so challenging to know when to catch it safely.

However, how are Luna and FTT not dead coins? Both have failed, and their developer is long gone; just because their price might be increasing and there's a possibility of taking advantage of it doesn't mean that it's still alive. There definitely is a possibility to yield large amounts of money, but from my perspective, it's way too risky.

LUNC Terra Classic is becoming a community led project and I think it will be fine. Separating it from UST and having support from community, nodes, exchanges to burn it, time will help it recover. LUNC won't be a dead coin and it will recover when people are greedy again.

FTT is better than LUNC and I believe at the end of this fiasco, FTX exchange will be acquired by some entity and FTT will fly again.

Last few days, rumours that FTX can retrieve enough capital to be solvent for users. People were greedy again and they gambled with FTT token. Today Bitcoin has a correction as predicted, altcoins will be bleeding today and tomorrow.

[Hamphser]

I'm certainly not the most qualified person to answer your question but I recently came across an article claiming that the FTX exchange was able to recover 5 billion dollars in assets (including  other cryptocurrencies, cash, and other liquid assets) in an effort to repay its customers, which could possibly justify the recovery FTT is marking.

Source: https://cryptopotato.com/ftx-locates-5-billion-in-assets-attorney-says-report/

Those who bought the coin at the lowest price will use any positive news that is associated with the FTX exchange and its former SBF head to pump FTT. Whether this will be the last bump, before the final dump, will depend again on how the issue related to the further functioning of the exchange will be resolved, since FTT is an exchange token.

If someones do still love to play with fire then no matter what sentiments they would really be able to hear out then they would still decide to make out investment decisions even if the said token had already some bad reputation which is attached to FTX itself.Its true that we dont know on whats behind these pumps whether it was intentional came from the team itself or it is really just been bought by some investors and on why it do make out some price increase which it is really hard to point up fingers and assume out on what happen but in overall reason then this is really that depending on the market situation or condition
which we know that even the shitiest project or coins would really be having the chance on getting pumped and this is where people do tend to risk out on buying again even how shit the reputation or history would be.

[adaseb]

If you are following Alameda research wallets a few hours ago they were moving some FTT. And I was surprised that there wasn’t a huge drop of FTTUSD when the transaction took place. I am getting weird feelings about this market and would avoid.

Alameda can pump this coin to like $10 and then send their $1B or $2B worth to Binance and sell everything there. And many would be caught holding the bags. The tokens are having way too much activity lately.

[rozak]

which we know that even the shitiest project or coins would really be having the chance on getting pumped and this is where people do tend to risk out on buying again even how shit the reputation or history would be.

pumping that is done will only manipulate prices and markets that see a lot of activity. it created an impetus for traders starting to look back at FTT.
if history has carved it badly. why look at it again when growth may occur? but I'm sure more people will miss it than pay attention to what happens to those assets because of their reputation.
this is just part of the developer's effort to make faith grow again in their project.

[Bushdark]

Anyone know why FTT price started to rise just now?

I'm searching on google but not found any news, not even found on any Twitter from any person related to case of ftx.

I'm asking here to know about the reason. Thanks

We all should not be surprised about the increase in the price of FTX because many things might have been going underground so that to attract customers again to believe in the system and purchase there token which might increase the market cap making extra funds to pay customers.

Many investors and traders had lost hope in FTX for long now because of the previous bankruptcy of the company. If you are convinced enough for buy and hold there token then go ahead but I would never allow or advise people to buy such a token. There reputation is based now with several court cases against the company.

[dbshck]

FTT pumping again on the news that the new CEO is considering reopening the exchange. https://www.wsj.com/articles/new-ftx-chief-says-crypto-exchange-could-restart-11674143168