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Luna 2.0 : Is This The End Of FTT? by readthisplease

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· @readthisplease ·
$11.54
Luna 2.0 : Is This The End Of FTT?

FTT has been tanking so hard especially after the Binance series of tweets towards wanting to sell its holding, we went from trying to figure why Binance thought of publicly announcing its intention to sell FTT to why is Binance trying to acquire FTX. The value of FTT token has been tanking, been topping its losers list for the past 24 hours. Funny  how I was defending FTX and the CEO, Sam BankMan-Fried that they can never be insolvent to rethinking everything everything I have thought. 
![F064460B3F184E17AAD661FA8D075D6A.jpeg](https://i.imgur.com/yjLma9S.jpg)
This year, we had the Luna crash, where the value of Luna crashed so hard due to the flaw found in the blockchain, before the the luna crash, the CEO and creator of terra said that all the other crypto projects will fail, but look at what happened to it after. The same energy was found in Sam BankMan-Fried when he said that a lot of crypto exchanges are insolvent, was he given us the hint at that time? Or did he bite more than he could chew? The company went ahead to acquire a lot of companies, acting like the crypto saviour, but what use is its saving if it can’t save itself. 

As a matter of fact it needed to raise about $6 Billion funds before midday, they went from giving people money to needing money urgently, now this has affected the value of FTT badly, and this has affected the value of the crypto market, because these two people, are supposed to be the crypto kings, now having the whole crypto market dip due to their inability to keep their business private. I’m so glad I sold my FTT tokens before this disaster. This is an unexpected day as I never imagined FTT to be in this position so soon. FTX halted withdrawal today, that is a lot of trouble all in one day, I hope FTT 	shakers are okay, because it takes 2 weeks to stake. 


In a space of 24 hours FTT token has lost more than 80% from saying companies are insolvent, to actually being insolvent, I wonder what the future of FTX and FTT will be, is the end?

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vote details (236)
@depressedfuckup ·
RE: Luna 2.0 : Is This The End Of FTT?
The cases of very strong projects and companies falling has put a lot of fear in the markets as what we thought was close to impossible has been tested to be wrong multiple times. I would say it’s a great opportunity to grab the FTT token for cheap now, but I’m sure we said the same thing for LUNA when we thought that was the bottom. And boy were we wrong!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@depressedfuckup/re-readthisplease-5kmihm)
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@readthisplease ·
exactly, will it ever rise again?
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@depressedfuckup ·
I guess time will tell. For now, we can only hope these giants will be the end of this new trend of failing projects.
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@india-leo ·
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