{"id":14752,"date":"2022-11-23T20:26:09","date_gmt":"2022-11-23T20:26:09","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ftx-token-currently-trades-11-above-all-time-low\/"},"modified":"2022-11-23T20:26:09","modified_gmt":"2022-11-23T20:26:09","slug":"ftx-token-currently-trades-11-above-all-time-low","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ftx-token-currently-trades-11-above-all-time-low\/","title":{"rendered":"FTX token currently trades 11% above all-time low"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1669231706218-d4b5d59a-6a1a-47c5-a21f-446a3770b33c-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1669231706218-d4b5d59a-6a1a-47c5-a21f-446a3770b33c-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1669231706218-d4b5d59a-6a1a-47c5-a21f-446a3770b33c-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1669231706218-d4b5d59a-6a1a-47c5-a21f-446a3770b33c-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul>\n<li dir=\"ltr\"><strong><em>The FTX token has declined more than 76% in the past two weeks and is down 98% from its all-time high.<\/em><\/strong><\/li>\n<li dir=\"ltr\"><em><strong>Yet, it\u2019s still higher than its all-time low reached in 2019 and has about $418 in market cap.<\/strong><\/em><\/li>\n<\/ul>\n<p dir=\"ltr\">FTX was seen as one of the <a href=\"https:\/\/coinjournal.net\/compare\/best-cryptocurrency-exchanges\/\">best cryptocurrency exchanges<\/a> in the world until its collapse stunned the crypto industry.\u00a0<\/p>\n<p dir=\"ltr\">Just to sum up what happened, FTX\u2019s bankruptcy filing has shown that pretty much everything that hit the exchange has to do with the failings and crimes by founder Sam Bankman-Fried.<\/p>\n<h2 dir=\"ltr\">FTX token decline not as spectacular as LUNA<\/h2>\n<p dir=\"ltr\">Despite the FTX implosion and the fact that millions of people are likely to have lost all their money, the FTX token hasn\u2019t gone to zero yet. In fact, FTT still trades around the same price levels as when it hit the market following its launch.<\/p>\n<p dir=\"ltr\">The <a href=\"https:\/\/coinjournal.net\/ftx-token\/\">FTX token<\/a> was launched on 8 May, 2019 and reached an all-time high of $85.02 on 9 September 2021. At current levels, to which the token slumped following last month\u2019s FTX implosion, FTT is more than 98% down on its all-time peak.<\/p>\n<p dir=\"ltr\">So what\u2019s happened? Everything, but the demise of the FTX token that hasn\u2019t happened as spectacularly as what occurred with Terra (LUNA) in May 2022.<\/p>\n<p dir=\"ltr\">As seen on <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ftx-token\" rel=\"noopener noreferrer\" target=\"_blank\">CoinGecko<\/a>, FTT is trading near $1.28 \u2013 about 11% higher than its all-time low of $1.15 hit on 6 September 2019. The FTX token ROI is at nearly 28%, \u00a0<\/p>\n<p dir=\"ltr\">And with its market cap still above $410 despite the FTX bankruptcy and all that\u2019s been revealed about the formerly \u2018SBF empire\u2019, it\u2019s pretty easy to say that FTX may be \u2018dead\u2019- but FTT is not there yet. Over $10 million worth of FTT was traded in the past 24 hours.<\/p>\n<p dir=\"ltr\">Just for context, Terra Classic (LUNC), the Terra token that went to zero in May, still sees action with more than $115 million worth of trades in the past 24 hours.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ftx-token-whats-happening-with-the-dead-ftt\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The FTX token has declined more than 76% in the past two weeks and is down 98% from its all-time high. Yet, it\u2019s still higher than its all-time low reached in 2019 and has about $418 in market cap. FTX was seen as [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14752"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=14752"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/14752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/14753"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=14752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=14752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=14752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}