Key Takeaways
FTX founder Sam Bankman-Fried’s downfall reached its climax on March 28, 2024, when U.S. District Judge Lewis Kaplan sentenced him to 25 years in prison.
The 32-year-old was convicted in November 2023 for orchestrating one of the most significant frauds in American history.
The disgraced former billionaire says he will challenge both conviction and his sentence.
Caroline Ellison, a former executive at Alameda Research, was sentenced to two years in prison and ordered to forfeit $11 billion for her role in the FTX fraud. Despite her extensive cooperation with prosecutors, which led to Sam Bankman-Fried’s conviction, Judge Lewis Kaplan imposed a prison sentence of two years, reduced to one year and nine months on appeal.
Ellison’s lawyers had argued for leniency, citing her cooperation as a mitigating factor. However, Judge Kaplan said the fraud was one of the most significant financial crimes ever committed.
Former FTX manager Ryan Salame was sentenced, initially getting seven-and-a-half years in prison, with this cut by one year on appeal. His former colleagues Gary Wang and Nishad Singh both pleaded guilty to fraud charges but avoided custodial sentences.
Meanwhile, the people who are owed money by the stricken exchange have some good news: Repayments are scheduled to start on Feb. 18, 2025.
On Feb. 17, 2025, FTX’s FTT token was worth about $2.20.
Let’s now examine our FTX Token price predictions, made on Feb. 17, 2025. We’ll also examine FTX Token’s price history and explain what it is and does.
Let’s look at the FTT predictions made by CCN on Feb. 17 2025. It is crucial to remember that price forecasts, particularly for volatile assets like cryptocurrencies, often turn out to be inaccurate.
Minimum FTT Price Prediction | Average FTT Price Prediction | Maximum FTT Price Prediction | |
---|---|---|---|
2025 | $1.50 | $3.80 | $6.50 |
2026 | $2 | $5.20 | $9 |
2030 | $3.50 | $12 | $20 |
FTT’s price action in 2025 will likely depend on its ability to break key resistance levels and sustain bullish momentum. If broader market conditions remain favorable, FTT could reach an average of $3.80, with a maximum of $6.50 if it breaks long-term resistance, while bearish sentiment could push it toward $1.50.
By 2026, increased adoption and market maturity may strengthen FTT’s fundamentals, potentially driving prices toward an average of $5.20. If bullish sentiment dominates, a breakout past key psychological levels could push FTT to $9, though bearish pressures may keep it closer to $2.
With a longer timeframe, FTT’s price in 2030 will be heavily influenced by market cycles, adoption, and ecosystem developments. If FTT maintains relevance and benefits from broader crypto adoption, prices could reach $20, though a weaker market presence may limit growth to $3.50.
The four-hour chart shows FTT recovering from its downtrend after peaking at $4.30 on Dec. 5. A correction followed, dropping below the 0.786 Fibonacci retracement at $1.50 on Feb. 3, where buyers stepped in. This level has held as key support.
FTT can now test the 0.5 Fibonacci retracement at $2.57. A breakout could push the price toward $2.93, while failure to hold $2.20 may lead to a drop toward $1.68.
The four-hour RSI remains neutral near 50, indicating indecision. Momentum is fragile, and a breakout needs strong volume for confirmation.
The one-hour chart highlights an ascending triangle, signaling potential short-term exhaustion. Elliott Wave analysis suggests an ongoing five-wave impulse, with wave four retracing to $2.16 after wave three peaked at $2.45.
If momentum sustains, wave five could reach $2.57. A breakout above this level may target $2.93, aligning with prior resistance.
However, failure to clear resistance could trigger a pullback toward the $1.68 support mark.
RSI suggests caution, as overbought conditions may precede a reversal. Volume remains key in confirming any breakout, but the FTX Token price prediction for the next 24 hours depends on whether it can surpass the current resistance level.
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days.
A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels.
On Feb. 17, 2025, FTX Token’s ATR was 0.02476, suggesting average-to-high volatility.
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold.
Movements above and below the 50 line also indicate if the trend is bullish or bearish.
On Feb. 17, 2025, FTX Token’s RSI was 52, indicating basically neutral conditions with a hint of bullishness.
At one point, FTT was a Centralized Exchange (CEX) token, so let’s compare it with other CEX cryptos and LUNC, another token linked to a massive 2022 crash.
Current Price | One Year Ago | Price Change | |
FTX Token | $2.20 | $1.89 | +16.4% |
Terra Classic | $0.0000775 | $0.0001323 | -41.4% |
Cronos | $0.0868 | $0.09071 | -4.31% |
KuCoin | $12.05 | $10.62 | +13.4% |
We looked at the FTX token’s price history and found the times when the price was at its lowest across certain days, months, quarters, and even weeks in the year, suggesting the best times to buy FTT.
Day of the Week | Wednesday |
Week | 3 |
Month | January |
Quarter | First |
Let’s examine FTX Token’s price history more closely . While past performance doesn’t necessarily indicate future results, understanding what FTX Token has done can help us contextualize future FTT price predictions.
Time Period | FTX Token Price |
---|---|
Last week (Feb. 10, 2025) | $1.98 |
Last month (Jan. 17, 2025) | $2.75 |
Three months ago (Nov. 17, 2024) | $2.07 |
One year ago (Feb. 17, 2024) | $1.89 |
Five years ago (Feb. 17, 2020) | $2.96 |
Launch price (Aug. 1, 2019) | $1.72 |
All-time high (Sept. 9, 2021) | $85.02 |
All-time low (June 10, 2023) | $0.7763 |
The market capitalization, or market cap, is the sum of the total FTT in circulation multiplied by its price.
On Feb. 17, 2025, FTX Token’s market cap was about $728 million, making it the 93rd-largest crypto by that metric.
On Feb. 17, 2025, one wallet held more than 55% of the supply of FTT.
As of Feb. 1,7 2025, the five wallets with the most FTX Tokens were:
Supply and distribution | Figures |
---|---|
Total supply | 328,895,103 |
Circulating supply (as of Feb. 17, 2025) | 328,895,103 (100% of total supply) |
Holder distribution | The top 10 holders own 88.43% of the maximum supply (as of Feb. 17, 2025) |
FTX’s whitepaper claims FTT would be subject to a burning program and could be used as collateral for trading positions.
It said: “FTT is the backbone of the FTX ecosystem. We have carefully designed incentive schemes to increase network effects and demand for FTT and to decrease its circulating supply.”
Before it collapsed in November 2022, FTX was the second-largest cryptocurrency exchange in the world.
It allowed people to trade in crypto and crypto futures. It promised enough features for experienced crypto traders but is still accessible enough for newcomers.
Founded by disgraced former billionaire Bankman-Fried in 2019, the platform has garnered support from various celebrities, including American Football legend Tom Brady and US comedian Larry David.
Its native token, FTT, supported the FTX exchange.
Once FTX declared bankruptcy, FTT lost its entire purpose and became a de facto store of value.
The FTX Token was first used to pay fees on the FTX crypto exchange, but now, it is a store of value.
It is unclear what its role will be if FTX is resurrected.
It is hard to tell. On one hand, FTT does not do anything right now. As the native token of a moribund crypto exchange, it serves little of its original purpose. Not only that, but it has not recovered from its devastating collapse in 2022.
On the other hand, there is always the potential for a new FTX. While the revamped platform must deal with a pretty toxic brand, it could have some potential.
It also remains unclear how Salame’s sentence and the upcoming process updates for other executives may affect the token’s price.
As always with crypto, you should do your research before deciding whether or not to invest in FTT.
No one can tell right now. While the FTX Token crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Also, remember that prices can and do go down and up.
Before you decide whether or not to invest in FTX Token, you will have to do your research, not only on FTT but on other related coins and tokens such as Binance (BNB) or OKB. Either way, you must also ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
It might do. Price predictions based on technical analysis say it will get there in 2030.
Remember that FTT has not traded over $10 since Nov. 8, 2022. This was when Binance pulled out of a rescue deal for the FTX exchange, which led to the platform declaring bankruptcy the following day.
It is a native token used for the now-defunct FTX Exchange. Currently, it is just used for price speculation.