$MUBARAK people were so ready to go crazy on this with Eid. Too bad mismanagement of the stupid market maker killed the potential. After Eid impossible to hype as it would be on Eid.
$FTT is assuring back its money from other entities like crazy. Its remarkable how it now started doing it agressively after 2 years of downfall. Looks like there is a huge driving force behind it which may acquire the FTX platform after settlements are finally closed. I think its crucial for them to restart it before the bullseason.
It's unlikely that serious investors would openly declare interest in an FTX relaunch until significant legal and regulatory challenges are resolved. Investors are typically cautious about associating with entities under intense legal scrutiny, especially in high-profile cases like FTX, where regulatory bodies, creditors, and customers are all highly involved in ongoing processes.
Several factors support this caution:
1. Legal Uncertainty and Risk: FTX is still entangled in bankruptcy proceedings, and with unresolved customer claims, the exact financial liabilities and regulatory standing of any potential “FTX 2.0” remain ambiguous. Investors would likely wait until the bankruptcy court finalizes asset recovery and customer repayment details before expressing any formal interest, as these factors directly impact the risk of a restart.
2. Regulatory and Reputation Concerns: Given the reputational damage FTX sustained, investors would need assurances that new management has addressed previous transparency and compliance issues. Even if they were interested, they might avoid public statements until there’s a clearer regulatory path forward, both for FTX specifically and for the crypto market broadly.
3. Market Strategy and Confidence: Public interest announcements often aim to signal market confidence and attract additional investors, but in this case, investors would benefit from a lower profile. Once the regulatory and legal framework is more favorable, some investors may test the waters by privately expressing conditional interest.
In summary, while some may be assessing the potential, it’s likely that no major investor would make their interest public until FTX clears the most substantial legal and regulatory hurdles.
80% of $FTT tokens are locked up on FTX platform and the court had decided FTT is basicly worthless so no liquidation of FTT will be done to payout debts.
Instead the FTX platform will sell all other assets. This means only 66M tokens are in use now. The FTT total market cap is 670M.
Now imagine if someone buys the exchange and thus the locked reserve of FTT (80%) the only thing they have to do is buy as much as possible supply on other exchanges to drive up the prices to at least 10x.
then they have approx 6B dollars stock of FTT only. The only thing they have to do is to continue operations of the exchange. The more succesful they are the more they will earn on operations and ftt stock.
This is the reason why the judge opted for a chapter 11 bankruptcy reorganization rather than chapter 7 bankruptcy liquidation. because it has a huge potential just like what happened with General Motors. Some will definitly take over after the legal issues are settled.
$FTT is still not delisted despite much more promising tokens like $KP3R are hit with a delist.
If you ask AI to rate FTT from 1 to 10 it gives 2/10 overall. If you asked it to rate Kp3r before the delist it gave 7/10 while monitored.
Thats why i say its much better to just gamble on crypto rather than days of investigation. FTT is unlikely to surge, but here we must expect the unexpected.
if ftt was going to be worthless, it would have been delisted today.