FTT is an FTX exchange token and has many usecases on the exchange, just like any other such token: burning tokens for a 1/3 of exchange revenue, discounts on fees for holders, use in various exchange activities, also institutions and investors pay expenses in FTT tokens by purchasing a "white" version of the FTX OTC portal and futures market. In a sense, betting on FTT on par with Solana is betting on Sam's success in the crypto industry. And so far SBF is succeeding in it - FTX is now one of the top 3 exchanges in terms of volume. In terms of tech - there is a lot of liquidity support behind the token, and I don't think it will be allowed to drop much, it is holding up well on this fire, just like all crypto exchanges tokens. As previously reported, Sam Bankman-Fried is willing to give $1 billion to support crypto projects = buy them at low prices = possible further development of the exchange and with it FTT price growth. We are now approaching $21-24 support, it would make sense to break that support and gather liquidity, so it would be prudent to wait for a drop to $16-18 for long-term buying, but to reassure, I would wait for a breakdown of the downtrend line and return above $22, because there is a possibility that after support we may see a sharp squeeze down, as we have seen before (-50% for 1 week as in May 2021).