FTX Token Pi Network TapSwap The market for cryptocurrencies is still changing; new coins are developing while old initiatives run into technological and legal obstacles. Three digital assets—FTX Token (FTT), Pi Network (PI), and TapSwap (TAPS)—are generating news this week. Legal actions, airdrop delays, and forthcoming coin launches are bringing these initiatives under notice. Here is a closer inspection of the reasons they merit viewing.
FTX Token (FTT) Post-Bankrupture Growth
Once a top cryptocurrency exchange, FTX fell in 2022, leaving billions in lost assets and legal anarchy. Following months of court hearings, a U.S. judge recently authorized a bankruptcy plan meant to reimburse billions of dollars to former FTX clients. The price of FTT, which attracted fresh investor interest after the announcement, has changed significantly due to this decision.
Early on, many consumers sold their claims at discounted rates in expectation of a slight recovery. Still, the new strategy offers better returns than expected, which will help investment companies. That purchased claim is for a fraction of their worth. This has sparked rumors that FTT might come back, even though its long-term survival in the cryptocurrency field is yet unknown.
Later Mainnet and Skepticism for Pi Network
Launched in 2018, Pi Network is a mobile mining project that keeps postponing its complete mainnet introduction, casting questions on its future. Pi Network, with more than 50 million users, nevertheless lacks a marketable token on significant exchanges. Its creators insist on creating a functional ecosystem prior to token introduction.
Many users expecting a conversion of their mined PI tokens into actual value have been annoyed by the wait. The project insists, however, that it seeks to avoid a speculative sell-off akin to prior “earn-to-play” initiatives like Sweatcoin and StepN, which had significant declines following their introduction.
Pi Network is still one of the most significant mobile mining systems despite these issues; hence, its final release could still have a substantial impact on the market. Users and investors will keep checking updates for any indication of development toward a tradeable PI token and a fully functional blockchain.
Airdrop Delay and New Launch Date for TapSwap
Operating on the Telegram Mini App ecosystem, TapSwap is a tap-to-earning token that has experienced several token launch delays. Initially set for July 2023, the airdrop has been frequently delayed. The developers feel that early listing could damage holders because of a depleted viable ecology.
Following a switch from Solana and Binance Smart Chain (BSC) to the TON blockchain, the new expected listing date on the Bitget exchange is February 17, 2025. This action fits TapSwap with Telegram’s environment, thereby possibly improving acceptance among the platform’s 800+ million current users.
Past “tap-to-earn” token flops, such as Hamster Kombat and Notcoin, which lost over 80% of their value after listing, many users remain dubious. Still, some investors view this move to TON as a smart one with long-term value. For the TapSwap community, the forthcoming February 17 listing will be pivotal. The decision will be made on whether the initiative can maintain investor interest.
