FTX Token (FTT)

Everyone is panicking that crypto projects are dying and calling it "market shutdown season."

Limited and pessimistic narratives like this fail to capture the full picture.

Some people aren't seeing that the money isn't leaving, it's migrating to crypto infra that runs on fees.

Yes, $4.18B worth of token-based projects did die.

But look at @Kalshi funding. $2.6B. This is more than half of we lost in this "shutdown season." (and a lot more from others)

Use @SurfAI to see
where the money is actually flowing.

Let me ask, what has the Baggy exchange actually built?
It built projects that scammed users, raking over a hundred million in fees?
It built a European market with only a few hundred users.
It built a Japanese market that only offers lending that nobody uses.
It built a trading bot with only grid functionality.
It built a prediction market that has only traded 5U per day.
It built a vault with TVL of 500,000.
It built an illiquid exchange.
It built a platform token that after three years is worth less than a MEME.
What else has it built? https://t.co/n8MJQwl6a4

WOW. How much do you think SBF's parents paid @CNN / @smerconish for this interview? https://t.co/G3Z7uxKnjR