At the start of the high-profile trial of Coinbase vs Sam Bankman-Fried, the tech entrepreneur invoked both Dogecoin and Solana prices in the first day of proceedings. However, FTT was not mentioned.
An influx of $4.1 billion in FTT tokens was transferred from Alameda to cryptocurrency exchange FTX prior to a crash in price, according to latest reports from research firm Nansen.
It was a wild ride when FTX’s FTT token crashed 20% in 2022. Investors need to remember the market’s volatility and know the right questions to ask when considering investing in exchange tokens.