$FTT Analysis of the delisting effect of FTT on Binance

Delisting Context

FTT, the token of the FTX exchange, leads the list of delisting risks in Binance's "Vote to Delist" campaign with 11.1% of the votes (as of April 2025). This occurs in the context of FTX's bankruptcy, causing FTT to lose most of its real value.

Sudden Price Surge Phenomenon

Despite facing delisting risks, FTT saw a strong price increase before the voting results were announced, as mentioned in posts on X. The reasons include:

Speculative Activity: FTT has a strong community and is still traded on many other exchanges (such as OKX, Bybit). Some large investors may have bought in when the price dropped significantly, pushing the price up to take advantage of FOMO.

Market Sentiment: Delisting news caused panic selling from retail investors, but also created opportunities for whales to accumulate, leading to a rapid price recovery.