FTX Exchange’s native cryptocurrency FTT has continued to experience a price dip since the disgraced Sam Bankman-Fried’s digital assets trading venue revealed plans to fully repay customers but won’t continue operating the exchange.
Meanwhile, InQubeta (QUBE), an emerging AI altcoin, is on course to hit the $9m milestone in its ongoing public presale campaign.
FTT Faces More Gloom
FTX Exchange, a once second-largest Bitcoin trading venue in the world, said earlier this week that it’s putting preparations in top gear to fully reimburse the victims of the exchange’s collapse.
The team has stated that customers and creditors affected by FTX’s abrupt collapse in November 2022, are required to submit proof that they had deposits on the platform when the ugly incident occurred and the claims will be vetted by the restructuring officials.
While the somewhat positive news brought an air of optimism and excitement to some of the bankrupt exchange’s customers, the price of its native FTT cryptocurrency has continued to slide, as the company has stated categorically that it has no plans of restarting FTX Exchange.
CoinGecko has urged FTX token holders to be cautious, as the FTX Contract Deployer has now transferred out all the previously locked FTT tokens into circulation.
FTX (FTT) has witnessed a nearly 40% price decline in the last 30 days. Whether the embattled asset will somehow overcome this turmoil remains to be seen.
InQubeta (QUBE) Making Progress
While FTX and its FTT face an uncertain future ahead, with investors waiting anxiously to be made whole, InQubeta (QUBE), a new blockchain project looking to foster the growth of AI-based projects in the Web3 space, is making progress in its ongoing public presale.
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