Recently, FTT has been experiencing some tough times.

In early January, the surge was quite fierce, as a major exchange included it in a delisting voting consideration list. The market panicked immediately, and the community started selling off. Within 24 hours, the price dropped over 12%, and now the coin is hovering around $0.79. At the same time, the exchange also filed an application with the court to dismiss the $1.7 billion recovery lawsuit, claiming that the court lacks jurisdiction and that the claim itself is unfounded.

There was a small incident during this period—an ex-executive's X account posted a "gm" (good morning greeting), which did trigger some attention, but without subsequent support, it quickly fell back. From a fundamental perspective, there are no short-term positive factors that can reverse the situation.

Additionally, creditors are expected to receive $1.6 billion in compensation by September, but this amount will have limited impact on improving FTT's current situation. Overall, this coin carries a relatively high risk level, so it's wise to stay cautious.