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FTX is a popular crypto exchange used by both beginner and advanced traders. The platform offers advanced financial instruments for such a popular trading method as futures derivatives trading through its FTX token, which acts as collateral in futures contracts.
Crypto futures trading is speculation on the future crypto asset’s rate documented in a contract where the price and the date are specified. When the contract’s period expires, a trader must fulfil commitments to the contract, that is, to buy or sell crypto assets at a pre-agreed price.
This financial instrument is profitable only in the case the trader knows how to predict assets price. It requires thorough asset analysis:
- technical research (analysing crypto price, chart, finding historical indicators and patterns, etc.);
- fundamental analysis (research of the economy globally and the external factors that can affect the crypto market trends);
- quantitive analysis (based on the data received from the tho previous analysis, a trader calculates indicators).
All these help to understand if it is worth investing in the asset and wish futures option to pick – long or short, where long means selling crypto at a higher price in the future, and short means buying assets at a lower rate in the future.
FTT Price and its History
As of October 2022, the FTT USDT pair is traded at $22.48. USDT is a stablecoin pegged to a dollar, so this pair shows the FTT price in the dollar equivalent.
In 1029, the FTT price reached its all-time low of $0.83, then slightly increased to $2.14. In 2020, the FTX token demonstrated a 169% growth and reached $5.77. In 2021, the price soared to $61.28, which was a sharp increase by 952%. Then when the entire crypto market switched to the bearish trend, the FTT price dropped to $22.79.
In 2022, the token rate reached $46.73, and after the whole market collapsed, it again fell to $33.48. In June 2022, the price declined to $21.15, and since then, the price has been stagnant.
What happened with the FTX Token?
On November 2nd, CoinDesk released a report that had a seismic impact on the entire crypto market. According to the report, Alameda held FTT tokens worth $5.81 billion, a substantial portion of the company’s total assets ($14.6 billion). This is not typical since a company should not hold the majority of its own tokens, but rather a variety of other companies’ and project currencies. However, it’s important to note that FTX exchange is a subsidiary of Alameda.
This news prompted a massive outflow of funds from the FTX exchange, resulting in the FTX token plummeting from $22 to $1.33 by December 1st.
Look for more information about the FTT crypto on the WhiteBIT blog, investigate charts, and analyse the asset on your own to make a correct decision on buying this token.
Tool Recommendations Section
Given the extreme volatility and reliance on technical analysis in crypto trading, particularly with high-risk assets like FTT cryptocurrency, utilizing professional-grade charting and analysis tools is essential.
- TradingView: The industry-standard charting platform, offering extensive technical indicators, drawing tools, and a robust free tier for analyzing FTT and thousands of other assets.
- CoinMarketCap/CoinGecko: Essential for tracking the most current circulating supply, market capitalization, and daily trading volume of the FTT token, as these metrics are crucial indicators of liquidity and market sentiment.
- Glassnode: While many features are paid, this platform offers free on-chain metrics that can provide insight into the movement of large quantities of FTT held by creditors or wallets associated with the bankrupt estate.
- Crypto Fear & Greed Index: A simple tool that helps gauge overall market psychology. A high-risk asset like FTT is heavily influenced by panic (fear) and speculation (greed) in the broader crypto space.
- Query successful
Current Status of FTT as of 2025
As of the third quarter of 2025, the status of the FTT token is almost entirely defined by the ongoing Chapter 11 bankruptcy and liquidation process of the defunct FTX exchange and its affiliated entities. FTT should be viewed as an extremely high-risk, largely speculative asset with no underlying utility, as the FTX ecosystem it was designed to service no longer exists.
Bankruptcy and Creditor Repayments Dominating the Narrative
- Massive Recovery and Distributions: The FTX Recovery Trust has successfully clawed back and recovered billions in assets and is actively in the process of repaying creditors. A significant distribution of approximately $1.6 billion is scheduled for the end of September 2025 as part of the third major payout.
- Repayment Structure: The court-approved reorganization plan prioritizes various classes of creditors, with some groups, such as the Convenience Class (smaller claims), receiving 120% of their claims (which are valued based on crypto prices from November 2022).
- Creditor Dissatisfaction: A major point of contention is that all claim repayments are calculated using the low November 2022 crypto asset prices, meaning former users are being compensated significantly less than the current market value of their lost crypto holdings in 2025.
FTT Token Market Status
- Extreme Speculation and Volatility: Despite the collapse of the exchange, the FTT token remains traded and experiences periods of high volatility driven purely by speculation, often related to bankruptcy news or social media chatter.
- Low Utility: The fundamental utility of FTT (trading fee discounts, governance, etc.) has been eliminated. Its current value is largely a bet on potential inclusion in any residual value or future, highly uncertain revival plan, or simply market momentum.
- Current Price Range: The price of FTT in late Q3 2025 has been fluctuating significantly, often settling in the sub-$1 range, but subject to rapid, short-term spikes based on news or market excitement.
Legal and Regulatory Backdrop
- Ongoing Legal Action: The FTX Recovery Trust continues to pursue legal action to recover funds, including a recent $1.15 billion lawsuit against crypto miner Genesis Digital Assets to claw back what the Trust deemed “reckless” investments by the former CEO.
- No Path for FTX Revival: There is no official indication from the debtors or the court that the original FTX exchange will be relaunched. The current plan focuses solely on maximizing asset recovery and paying back creditors.
Conclusion: FTT as a Case Study in Digital Asset Risk
The tumultuous journey of the FTT token—from a top-tier exchange asset to a speculative remnant in a bankruptcy estate—serves as a stark and essential case study for every participant in the cryptocurrency market.
The historical price movements of FTT are no longer dictated by exchange utility or adoption but by the administrative milestones of its former parent company’s liquidation. As the FTX Recovery Trust finalizes its repayment process for creditors, the token exists primarily as a speculative instrument, fueled by optimism that any future restructuring might assign it residual value.
For investors considering FTT today, the history is a powerful reminder that assets tied to a single, centralized entity carry immense platform risk. Always prioritize comprehensive research, diversify holdings, and understand that in the rapidly evolving crypto landscape, the ultimate fate of a token can be determined by factors far beyond the original project’s roadmap. The history of FTT is a clear caution: risk management is not optional, it is fundamental.
FAQ Section
What is the current status of the FTX exchange?
FTX, the parent company of the FTT cryptocurrency, filed for Chapter 11 bankruptcy in November 2022 and is currently undergoing liquidation and restructuring proceedings to repay creditors
Does the FTT token still have utility?
The utility of the FTT token (such as fee discounts and collateral) tied to the FTX exchange is now defunct. Its current value is driven solely by speculative trading, market sentiment, and the outcome of the bankruptcy and potential revival plans.
Is it safe to trade or invest in FTT cryptocurrency?
The FTT cryptocurrency is considered an extremely high-risk asset due to the underlying exchange’s bankruptcy, the associated legal fraud cases, and the token’s non-existent utility, making it unsuitable for most investors.
What is the connection between FTT and the legal case of Sam Bankman-Fried?
The price collapse of FTT was a direct result of the financial fraud and commingling of customer funds between FTX and Alameda Research, leading to the exchange’s insolvency and the subsequent conviction and sentencing of its founder, Sam Bankman-Fried.