May 8, 2024 - Economy

Charted: 🤷 The craziest traders like it

The line chart shows the fluctuation in FTX's Ethereum token (FTT) price from 10 a.m. ET on May 7, 2024, to 10 a.m. ET on May 8, 2024, with a notable increase on the night of May 7.
Data: CoinGecko; Chart: Axios Visuals

FTX's token, FTT, rose on last night's news — for some reason that we can't possibly comprehend.

💭 Our thought bubble: This is crazy.

  • The bankruptcy estate has been very clear that FTT holders are getting nothing.

The bottom line: FTT is a meme coin at this point.

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