FTT Token On a 8% Rockslide Despite FTX Ray Of Hope. Here’s Why

FTT Token, the native coin of the failed crypto exchange FTX, is experiencing a slide in today’s trading session. While it started the trading day negatively, it showed no recovery and further declined in price, recording up to an 8% loss and finding a spot in the top 3 losers in the sector.
Despite its previous week’s rally stemming from news of a potential FTX reopening, FTT has shown investors the other side of the palm by reversing its gains. However, the negative drop in FTT is