from Hacker News

FTT, the fraudulent and insolvent token, outperforms entire daily market

by LinkLink on 11/11/22, 5:44 AM with 4 comments

• by senttoschool on 11/11/22, 5:59 AM

  Pump and dump. Tokens are useless. Some tokens are even more useless, like FTT.

  FTT is effectively dead. It cannot be used for anything because FTX is no longer doing any trading and will need to file for bankruptcy.

• by LinkLink on 11/11/22, 5:44 AM

  Surely this is a whales effort of some kind to gain momentum or prop up the token for some sort of scheme? This is like Enron getting into the s&p 500 instead of being delisted.

• by LinkLink on 11/11/22, 6:08 AM

  Buy volume is finally slowing down to (??normal??) looking distributions, maybe it was a pump but if so goodbye.