Trading volumes of the FTT token of the bankrupt FTX exchange have increased significantly.
Such volumes did not exist even during the existence of the exchange!
Moreover, such volumes are not on one, but on all exchanges where this token is traded.
Someone big is vacuuming up coins from the market for next to nothing. 🌬
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💡 A couple of months ago we already wrote about this token 👉 https://www.binance.com/en-NG/feed/post/437238
Where did we say that the news about the degeneration of the exchange will continue for a long time and provide informational reasons for growth.
And then, a couple of months later, the exchange announced that it seemed like all client funds had been restored and would be returned in the future.
In general, the exchange is being actively prepared for a relaunch in 2024.
As a result, they will then announce that the exchange is restarting and, under this news, people will run en masse to buy coins, inflating the price, and those who bought them in advance (at current prices) will sell them to the market, thereby making an incredible profit.
If you believe that such a scenario is possible, it is logical to buy very few coins in order to increase your capital.
It is better, of course, to buy a coin at the lower border of the current sideways trend, near the support level of $0.82. And the potential growth target if the exchange restarts is around $20.
And speculators, as they said in the previous post about FTT, can continue to speculate in this sideways trend.
🪄 That is, $100 can turn into $2400 ✨
What about the risk?
The exchange has already gone bankrupt, what could be worse? 🤠
But remember that this is an extremely risky transaction and you can lose all your invested funds, so no cutlets, only money that you are not afraid to lose.
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