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.