It is incredible how things can change so fast in the market of cryptocurrencies, one week ago when this thread was made the OP was wondering when the FTT token will reach a new all time high, now just one week later we are wondering if such a coin is going to hold any value at all during the next months, as now that binance has decided to stay away from this mess then I do not see how this token is going to be able to retain any value.
This happens when there are greedy people behind a project who are looking to make big profits by using customers' funds in various ways. This is an unpublished result that crypto traders cannot imagine, that Sam was sitting behind the scenes making such a big blunder. He admitted that all the decisions he had made so far were on the wrong side.
So many companies are doing that kind of practice. It's becoming a common thing but many of them are still operating smoothly but for those who failed on their plans of growing the money more then they are now fcked up and as well as the customers who entrusted their money on them. If only they will be contented on what they are earning, then things like this won't happen anymore but I guess it's too late already for Sam and his company FTX.
They already destroyed the people's trust. On topic, I don't think FTX will ever reach an all time high of 100 dollars, now that tragedy like this have happened lately. An all time low, is the only thing that is possible for this coin right now.