Coin Bureau: FTT will rise

The window it was checked over

FTT closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

What was said around it

obviously buying ftt raises its price whereas burning it decreases its Supply which further increases its price if demand stays the same the result is that the value of exchange tokens goes up over time often regardless of actual crypto market conditions so far over 21 million ftt have been burned and I feel obligated to tell you that a massive amount of ftt is scheduled to be burned this coming Monday that's simply because all the chaos on the FTX exchange resulted in abnormally High trading volume FTX still follows through with its buyback and burn we could see a short squeeze on ftt that's similar to the short squeeze we saw on celsius's Cell token now this is a warning to anyone still going short and to those who are thinking of going long because there's no guarantee a buyback will occur it's also worth pointing out that on-chain statistics suggest there are at least 400 000 holders of ftt almost all of whom are thoroughly in the red this means any ftt pump is likely to be received with a lot of cell pressure from those trying to recover their losses you have been warned folks so please just don't go there that is financial advice by the way s in 2020 ftx's popularity started to explode

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