In another reminder that crypto is just people chasing fast money and hype, two of the most disgraced and dead projects in LUNA and FTT are ranked 1st and 3rd for 1W gains in the top 100 with massive buying

It's not that we needed yet another reminder, but it's both very expected but also depressing seeing once again that crypto is (mostly) just hype and chasing gains. The Ponzi scheme that was run by FTX using FTT was one of the worst disasters in crypto. It's not that hard to argue that it is the largest and it is definitely one of the largest generally in business and finance as a whole. Terra-Luna as well was one of the worst as well, perhaps second only to FTX in crypto. And yet these two projects were two of the most profitable this week.

​

https://preview.redd.it/7v6dpgxodxzb1.png?1043&format=png&auto=webp&s=5526dfda001ffec72234824d12e38760495d864e

Ranking by the 7 day gains we'd see that FTT and LUNA are ranked as the 1st and 3rd for the biggest returns this week in the top 100. FTT is of course coming off the heels of SBF being guilty on all counts which was miraculously somehow bullish. LUNA apparently just pumped because its LUNA. Binance did burn a bunch of LUNA but they is something they have been doing for quite a while now. Tons of people had bought into these dead project coins that they essentially doubled and tripled their prices. It is of course a big questions as to how these projects are still even ranked in the top 100, but crypto traders love hype and pumps.