February 24, 2026 – Flying Tulip (FT) has experienced a catastrophic price collapse, plunging 66.8% to $0.099432 in the past 24 hours, according to real-time market data.
The cryptocurrency reached its all-time high of $0.299855 on February 23, 2026, at 13:55 UTC, only to lose two-thirds of its value within a single day. The token hit an intraday low of $0.097114 at 04:26 UTC on February 24, representing a 67.6% drop from its peak.
Market Impact and Trading Data
Flying Tulip currently holds market cap rank #165 with a valuation of $206.4 million. The token’s circulating supply stands at 2.08 billion FT out of a maximum supply of 10 billion tokens, representing just 20.8% of total supply.
Trading volume reached $331,496 in the past 24 hours, relatively modest given the magnitude of the price movement. The low volume relative to the price decline suggests limited liquidity and potential difficulty for holders attempting to exit positions.
Timeline of the Collapse
The rapid deterioration occurred across multiple timeframes:
- 24-hour performance: Down 66.8% (-$0.200398)
- 1-hour performance: Down 0.45%
- ATH to current: Down 66.7%
The fully diluted valuation, which assumes all 10 billion tokens were in circulation, stands at $994.3 million, though this figure is largely theoretical given the massive sell-off.
What This Means for Traders
The Flying Tulip collapse serves as a stark reminder of volatility risks in lower-cap cryptocurrencies, particularly those with limited trading history. The token only established its all-time high yesterday, suggesting it may be a newly launched or recently listed asset.
The minimal gap between the current price ($0.099432) and the all-time low ($0.097114) indicates the market has found a temporary floor, though whether this represents capitulation or further downside risk remains uncertain.
Market observers note the symbolic irony of the name “Flying Tulip,” which may reference the infamous Dutch Tulip Mania of the 1630s – history’s first recorded speculative bubble.
Last updated: February 24, 2026, 13:07 UTC
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About the Author: Ananya Melhotra
