Who owns the most FTX tokens?

Following the claims about Almeda owning a significant amount of FTT coins, let’s look at who has the most FTX tokens. Data provided by etherscan.io, as of 14 November, showed that there were 23,361 FTT holders in total. The 10 biggest FTX holders collectively owned 93.49% of the total token supply, meanwhile the top 100 owned 99.27%.

What is FTX & how does it work?

What is FTX? FTX is a cryptocurrency exchange founded by Sam Bankman-Fried and Gary Wang in 2019 “by traders, for traders”. It allows users trading hundreds of different cryptocurrencies as well as futures, tokenised stocks, leveraged tokens, volatility tokens and fiat tokens.

What happened to FTX in November 2021?

The native token of FTX, FTT, also saw a dramatic decrease, with its price plummeting from $22.14 on 8 November to $3.15 on the same day, a staggering drop of nearly 86%. FTT was trading at $1.58 on 18 November, down more than 98% from its all-time high of $85.02 on 9 September 2021. Is FTX dead, or will it rise again from the ashes?

What is FTX trading Platorm?

The FTX trading platorm’s native ERC-20 FTT token could be used to obtain trade discounts and staking rewards. FTX enabled a platform for users to stake their FTT tokens and earn benefits depending on referral rate, maker fee refund and bonus votes.