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FTT, the fraudulent and insolvent token, outperforms entire daily market
- LinkLink 4y agoSurely 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.
- senttoschool 4y agoLiquidity 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.
- senttoschool 4y agoPump 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.
- LinkLink 4y agoBuy volume is finally slowing down to (??normal??) looking distributions, maybe it was a pump but if so goodbye.