Ten days ago, the FTX (CRYPTO:FTT) estate announced over 100% repayment to customers, leading FTT, the exchange's token, to rise above $2 despite its ties to the defunct platform.

FTT’s market valuation remains a staggering $535 million, highlighting the irrationality in the crypto market.

This token, integral to FTX's fraudulent activities and controlled largely by the FTX estate and Binance, still trades despite having no real-world utility.

FTT's tokenomics resemble a pyramid scheme, with 87.85% of its supply held by the top ten wallets.

Despite its dubious background and lack of value, some investors continue to speculate on its potential rise, reflecting ongoing absurdities in the cryptocurrency space.