š $FTT ā The Token That Even CZ Walked Away From
I still remember when $FTT looked unstoppable ā until it all came crashing down. The fall wasnāt just about Sam Bankman-Fried and FTX, it was about a token that had no real foundation. It was collateral, hype, and ego wrapped into one, and when the truth came out, it collapsed overnight.
The turning point was when CZ stepped in. Binance had once backed FTX, even holding billions in $FTT . But after red flags started piling up, CZ announced he was liquidating their bags. That single decision exposed how fragile the token really was and sent shockwaves through the entire market.
But hereās the lesson ā even CZ wasnāt perfect in this story. Binance had been holding FTT for too long, and when the exit finally happened, it accelerated the collapse that wrecked countless retail traders. The takeaway? Trust in crypto can vanish in seconds, and waiting until the fireās already burning to act only makes the damage worse.
For me, FTT stands as a reminder: donāt build trust on personalities or hype. A token backed by one empire, one man, or one exchange isnāt strong ā itās dangerous. And when the biggest players finally decide to walk away, itās always the smaller ones who pay the price.