BREAKING: Flying Tulip (FT) Crashes 66.8% in 24 Hours to $0.099
Flying Tulip (FT) has crashed 66.8% in the past 24 hours, dropping from an all-time high of $0.299855 to $0.099512 as of 1:13 PM UTC on February 24, 2026.
The dramatic collapse occurred less than 24 hours after the token reached its peak price of approximately $0.30 on February 23, 2026, at 1:55 PM UTC. The token briefly touched an intraday low of $0.097114 during early morning trading at 4:26 AM UTC before recovering slightly to current levels.
Market Impact
Flying Tulip currently maintains a market capitalization of $206.37 million, ranking it #165 among all cryptocurrencies. The token’s fully diluted valuation stands at $994.32 million, with a circulating supply of 2.08 billion FT tokens out of a maximum supply of 10 billion.
Trading volume reached $323,005 during the 24-hour period, indicating moderate liquidity despite the severe price decline. The token has continued its downward trajectory in the past hour, losing an additional 0.43%.
Technical Details
The price action represents a near-complete retracement from the all-time high, with FT currently trading 66.66% below its peak. However, the token remains 2.94% above its all-time low of $0.097114, which was established just hours ago during the Asian trading session.
With only 20.76% of the maximum token supply currently in circulation, the relatively low float may have contributed to the extreme price volatility observed in recent trading sessions.
What This Means
The rapid rise and subsequent collapse of Flying Tulip follows a pattern reminiscent of previous speculative token launches that experience explosive initial gains followed by sharp corrections. The token’s name itself appears to reference the historic Dutch tulip mania of the 1630s, one of history’s most famous speculative bubbles.
No official statement has been released by the Flying Tulip project team regarding the price collapse. The project’s fundamentals, use case, and development roadmap remain unclear based on available market data.
Investors who purchased near the all-time high have seen their holdings lose two-thirds of their value in less than one day. The situation continues to develop as trading activity remains elevated.
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