The highest price of FTT was $85, but it was $22 before the closure, and now it is only $3.4. More importantly, a large amount of FTT is locked.
Once it is restarted, it will definitely be hyped again before the restart. Therefore, it is very important to grasp the current chips of FTT.
1 FTT now has a total of 328 million pieces. Although the total amount is large, the actual circulation is very small.
The currency address 1 is the FTX Treasury, and the currency address 2 is the FTX exchange. These two hold 195 million and 45.85 million coins. After the collapse of FTX, the FTTs in these addresses should not be able to be moved. It is also found on the actual chain that there has indeed been no transfer records for a long time.
4, 5, 6, and 7 are all related to FTX. Among them, the currency address 4 is the collection of assets after FTX went bankrupt. Although assets are being sold recently, FTT has not been sold or moved. It may be because FTT is directly related to FTX, which is not allowed by law.
The coin holding address 5 is the ftt held by Alameda Reseach, which also collects ftt but has never been transferred out. The coin holding address 6 is the ftt of bitDao. BITDAO and FTX hold each other's tokens, and the lock-up period seems to be 3 years.
The coin holding addresses 7 and 9 are also FTX-related addresses. The chain shows that they have not been moved after FTX went bankrupt.
Therefore, among the top 10 holding addresses, at least 7 of them hold 270 million FTT that cannot be moved. Of course, there must be more FTT that cannot be moved. We do not have time to analyze the other holding addresses one by one.
2 Then for the remaining FTT, there are still 58 million. Then let's investigate the chips in the exchanges. Among them, Binance has 38 million, and other exchanges hold relatively small amounts. A total of 46 million.
3 FTT soared about 5 times last week. We know that when the general currency soars, a large number of users will recharge into the exchange. For this reason, we can reversely measure the FTT chips circulating outside. Attachment Figure 3 shows the transfers in the past 7 days. The wallet address with the most transfers is binance8, with a total of 3.46 million transferred, which is very small compared to the current holdings. And many may be transferred from other exchanges to Binance, such as Gate, which has reduced 2 million. At the same time, there are two large addresses on the chain transferring to each other.
On another level, the transfer frequency of FTT on the Ethereum chain is relatively low. So overall, although there are still 12 million FTT chips outside the exchange, many of them are still unable to move. For example, there are some small addresses related to FTX, or wallets that have lost their private keys, or large investors who have been locked up for a long time.
4 In general, the total amount of FTT is now 328 million, of which at least 270 million are related to FTX and cannot be moved. It is estimated that more than half of the 12 million on-chain addresses are also unable to move. The main circulation is in exchanges, mainly in Binance Exchange. The total circulation is now 50-60 million. If calculated according to the current price, the circulating market value is about 200 million US dollars. $FTT #FTT chip distribution#
