FTX Token Tanked

Today the price suddenly fell from US$22 to around US$15+, damn scary, reminds me of LUNA and UST but hope it doesn't turn out that way. Can read more about the story here: https://www.coindesk.com/markets/2022/11/08/ftt-plummets-as-market-fears-possible-alameda-contagion

In crypto things happen damn fast, one minute FTX is the kid with the shiniest toy, next minute kena trashed until upside down.

I see this FTX and the Sam Bankman-Fried machiam have unlimited money, then now suddenly have rumours of insolvency all over Twitter, and what printing money out of thin air via their FTT token.

Anyway the FTT price now recovered to around US$17, at least it didn't death spiral to 0, hope not another collapse.

Bitcoin and Ethereum still the best, most solid.

Crypto.com's CRO token also not bad I think, so far they seem very prudent, which is a good thing, but a lot of people complaining about their various sponsorships haha.


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