First off, for ALL PAYING USERS, please note there is a special post here. Read it!
After the total collapse of FTX, I’ve been puzzled why their token (which was as useless now as it was useless when it was valued at tens of billions of dollars) isn’t $0.00. How on earth can this thing even be trading?
One glance at the intraday chart told me everything I needed to know. Sure, there’s a quote, but NO ONE is trading this thing. It is the walking dead.
You can see this more vividly by way of volume. During the collapse, ten million dollars a minute would be trading as people clamored for the Exit sign. These now, there’s a few hundred bucks here, a few hundred bucks there – – maybe just for the lulz. But this sucker is as dead as SBF.