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When FTT pulls the market, there are great scholars to debate with you
Clearly in a dream 😹
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Finally, the author believes that after the first round of compensation is completed, the speculative value of FTT is around 10 dollars. If FTT holders introduce a compensation plan, the price of FTT will reach about 28 dollars. If SBF is pardoned and a trading platform is restarted later, then FTT will reach a height of 300 dollars.
$FTT
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
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4 In summary, the total amount of FTT is 328 million, of which at least 270 million is associated with FTX and cannot be moved. Of the 12 million held in on-chain addresses, it is estimated that a large portion is also immovable. The main circulation is on exchanges, primarily on Binance. The current circulating supply is about 50 to 60 million. If calculated at the current price, the circulating market value is around 200 million USD.
$FTT
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
See original
On another level, the transfer frequency of FTT on the Ethereum chain is relatively low. So overall, although there are still 12 million chips outside the exchange, many of these chips are still unable to be moved. For example, some small amounts related to FTX addresses, wallets with lost private keys, or large holders that have been trapped for a long time.
$FTT
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
See original
$FTT
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
At the moment of restarting speculation, it's important to understand the current chip distribution of FTT]
FTT peaked at $85, was $22 before bankruptcy, and is now only $3.4. More critically, a large amount of FTT is locked.
Once it restarts, it will definitely be speculated again before the restart. Therefore, understanding the current chip situation of FTT becomes very important.
#FTT #FTX
1 The total amount of FTT now is 328 million. Although the total amount is large, the actual circulation is very small.
Below is a screenshot of the Top holders on the scope, which can be observed.
Holder address 1 is the FTX treasury, and holder address 2 is the FTX exchange. These two hold 195 million and 45.85 million respectively. After FTX's bankruptcy, the FTT in these addresses should not be movable. It has also been found on the chain that there have been no records of any transfers in or out for a long time.
Addresses 4, 5, 6, and 7 are all related to FTX. Among them, holder address 4 is the asset consolidation after FTX's bankruptcy. Although assets are being sold recently, FTT has not been sold or moved. This may be because FTT has a direct connection with FTX, which is legally not allowed.
Holder address 5 is the FTT held by Alameda Research, which is also consolidating FTT, but has never moved it out. Holder address 6 is FTT from BitDAO, and BITDAO and FTX hold each other’s tokens, with a lock-up period of about 3 years.
Holder addresses 7 and 9 are also related to FTX, and the chain shows that they have not moved since FTX's bankruptcy.
Therefore, among the top 10 holder addresses, at least 7 addresses hold a total of 270 million FTT that is not movable. Of course, the actual amount of FTT that cannot be moved will definitely be more. Because we do not have time to analyze every other holding address individually.
2 For the remaining FTT, there are still 58 million. Now let's investigate the chips in the exchanges, with Binance holding 38 million, and the holdings of other exchanges being relatively small. The total held is 46 million.
3 FTT surged about 5 times last week. We know that under such a surge, a large number of users will recharge into the exchanges. Therefore, we can reverse measure the circulating chips of FTT outside. Attached is Figure 3, showing the transfers in the last 7 days; the most transferred in was from Binance wallet address 8, which received a total of 3.46 million, which is very small compared to the amount currently held. Moreover, many may have been transferred from other exchanges to Binance, for example, Gate has reduced 2 million. At the same time, there are two large addresses on the chain that are transferring to each other.
See original
$FTT Discusses the Buying Logic of FTT
Summary:
1. There is still a possibility of the FTX platform being restarted.
2. FTT holders may receive compensation.
3. Founder SBF has a possibility of being pardoned, and after the pardon, there is a high probability of a restart.
4. The FTX platform meets the needs of all parties' interests.
Detailed reasons are as follows:
1. The FTX exchange will begin bankruptcy liquidation on January 3, 2025. It will be completed within the next 60 days. This will bring some speculation.
Of course, many people say that the legal team responsible for the FTX trading platform and the U.S. courts have clearly stated in the bankruptcy documents that the exchange will not be restarted, only prioritizing compensation to creditors. However, this does not preclude the possibility of FTX restarting after compensation is completed.
2. On the financial side, the restructured assets of the FTX platform are between $14.5 billion to $16.3 billion, with debts amounting to about $11.2 billion, according to multiple rounds of compensation plans. All creditors will receive compensation of over 100% of their funds. Various issues will arise during the compensation process, such as clients who cannot verify KYC or funds that are not claimed within the specified time frame will be reclaimed. The author believes that these reclaimed funds will be compensated to FTT holders. Currently, the claim value of the FTT token is still 0. Holders do not have the right to any property rights distribution or voting rights. The author believes that a creditor plan for FTT will be introduced in the future.
3. SBF previously provided substantial financial support for the Democratic Party's Biden campaign. This is also why Musk publicly discussed on Twitter that he would be surprised if the Biden administration did not release SBF. At the very least, Biden's pardon power could be subject to “insider trading.” Referencing CZ's freedom.
Even if the Biden administration does not pardon SBF, there is a possibility that SBF may be pardoned after the Trump administration takes office in mid-January 2025 (including but not limited to the possibility of trading rights for FTX money).
4. After Trump takes office, the U.S. will use BTC as a strategic reserve. The entire U.S. population is participating in the cryptocurrency space, and the U.S. government also needs a clean and compliant exchange. The FTX platform currently meets the needs of all parties' interests and aligns with the evolution of major trends.
Finally, the author believes that after the initial compensation is completed, the speculative value of FTT will be around $10. If a compensation plan is introduced for FTT holders, the price of FTT will be around $28. If SBF is pardoned and the trading platform is restarted later, FTT could reach a height of $300.
#FTT
Summary:
1. There is still a possibility of the FTX platform being restarted.
2. FTT holders may receive compensation.
3. Founder SBF has a possibility of being pardoned, and after the pardon, there is a high probability of a restart.
4. The FTX platform meets the needs of all parties' interests.
Detailed reasons are as follows:
1. The FTX exchange will begin bankruptcy liquidation on January 3, 2025. It will be completed within the next 60 days. This will bring some speculation.
Of course, many people say that the legal team responsible for the FTX trading platform and the U.S. courts have clearly stated in the bankruptcy documents that the exchange will not be restarted, only prioritizing compensation to creditors. However, this does not preclude the possibility of FTX restarting after compensation is completed.
2. On the financial side, the restructured assets of the FTX platform are between $14.5 billion to $16.3 billion, with debts amounting to about $11.2 billion, according to multiple rounds of compensation plans. All creditors will receive compensation of over 100% of their funds. Various issues will arise during the compensation process, such as clients who cannot verify KYC or funds that are not claimed within the specified time frame will be reclaimed. The author believes that these reclaimed funds will be compensated to FTT holders. Currently, the claim value of the FTT token is still 0. Holders do not have the right to any property rights distribution or voting rights. The author believes that a creditor plan for FTT will be introduced in the future.
3. SBF previously provided substantial financial support for the Democratic Party's Biden campaign. This is also why Musk publicly discussed on Twitter that he would be surprised if the Biden administration did not release SBF. At the very least, Biden's pardon power could be subject to “insider trading.” Referencing CZ's freedom.
Even if the Biden administration does not pardon SBF, there is a possibility that SBF may be pardoned after the Trump administration takes office in mid-January 2025 (including but not limited to the possibility of trading rights for FTX money).
4. After Trump takes office, the U.S. will use BTC as a strategic reserve. The entire U.S. population is participating in the cryptocurrency space, and the U.S. government also needs a clean and compliant exchange. The FTX platform currently meets the needs of all parties' interests and aligns with the evolution of major trends.
Finally, the author believes that after the initial compensation is completed, the speculative value of FTT will be around $10. If a compensation plan is introduced for FTT holders, the price of FTT will be around $28. If SBF is pardoned and the trading platform is restarted later, FTT could reach a height of $300.
#FTT