Post
Topic
Board Altcoin Discussion
Re: FTX exchange is going to be bankrupted. What happens to FTX Token?
by
coinerer
on 12/11/2022, 18:39:07 UTC
FTX token has not been delisted from anywhere yet.  But its price has come down a lot and is constantly going down. Which may be valuless at some point like LUNA but it looks like it will not be delisted from any exchange.  As happened with LUNA. And is it now open for Binance Future trading as well.  Which is really incredible because many traders are making huge profits through Sell Short from here. I still don't know what to do with FTT in the coming days
Still open yet with future trading I think best alternative if want to earn much profit with FTX coin with short position opening, due still exist and not delisted yet I don't think FTX coin will back to higher price again after confirmed with bankruptcy. The exchange of FTX have withdrawing trouble and I think impact with FTT coin later slowly going down if not any investor try to help or acquisition to be new owner of FTX exchange.
It is still possible to make profit with FTX token FTT by short position in future trading but since Future trading is high risky and FTT token is behaving strangely now.  And sometimes suddenly it shows high pump and dump so a wrong entry can cause Leqidation.  So it would be very risky to do so . So it is better not to think about doing it now