FTX’s FTT Token Defies Logic, Buying and selling at $2 Regardless of Chapter

• A crypto consumer questioned the standard of information about FTX and FTT.
• The consumer famous a platform valued bankrupt FTX over present publicly traded firms.
• Printed information confirmed FTT remained 17.65% worthwhile.

A crypto neighborhood member on X has questioned the authenticity of publicly accessible data in regards to the defunct FTX cryptocurrency trade and its native token, FTT. The crypto consumer highlighted FTX’s valuation in comparison with publicly traded firms, regardless of its chapter.

Citing a ballot concerning the ratio between American women and men concerned in playing, the crypto neighborhood member questioned the methodology used to conduct the train. In accordance with the ballot consequence, the ratio between American women and men concerned in playing is almost 2:1. A report connected to the ballot famous that extra males gamble as a result of they’re extra more likely to make impulsive selections and take dangers.

The consumer questioned if gender alone may clarify the distinction between market information and ballot outcomes. They then in contrast the ballot to FTX’s public information, which exhibits stunning worth for FTT, the trade’s token. Citing information from an unnamed prediction market, the consumer confirmed that FTT was buying and selling at $2.03.

FTX Valuation Raises Considerations Regardless of Chapter

Past the token’s worth, the crypto customers’ shared information revealed FTT retained a 17.65% all-time revenue regardless of FTX’s chapter standing. The consumer identified a disclaimer on the platform stating that FTX chapter proceedings are underway and that the FTT token could also be liquidated to pay collectors, rendering it ineffective.

Learn additionally: FTX Repayments Set for Publish-Election December seventh—Crypto Awaits a Rally

Notably, the crypto customers’ posts aimed to focus on the potential inaccuracy of publicly displayed data, particularly these obtained from the prediction markets. As an illustration, the consumer confirmed how the displayed information rated FTX, in its bankrupt state, increased than some publicly traded firms, together with Scholastic Company (SCHL), Southern Missouri Bancorp, Inc. (SMBC), Avid Bioservices, Inc (CDMO), and Horizon Bancorp, Inc. (HBNC).