FTT tokens in bloodbath, from 85 to $2. How the FTX Bankruptcy Will Impact

A year ago, a look at FTX’s native token FTT looked more rosy, a stable coin backed by some of the biggest crypto traders. The FTT token enjoyed a pretty spectacular moment, especially when it hit an all-time high of over $85 last September. But then came the year 2022 which soon became infamous for the collapse of Terra Token, which coupled with a liquidity crunch followed by the bankruptcies of well-known crypto exchanges. This year almost feels like it’s been weird for crypto investors! Because there are less than 2 months left for 2022 to end, and things have only gotten bleaker for the crypto markets, and this time it is because of FTX which has filed for bankruptcy. FTT, which once enjoyed the $85 mark, is now struggling to maintain the $2 level on exchanges.