WHY is there a buying interest in $FTT?

This is the chart for $FTT, the token of the bankrupt FTX. I understand why there's selling pressure after the exchange went bankrupt, causing an increase in trading volume, but what about the buying side absorbing that sell-off? Aren't you curious? What could be the reason for this?

 

Same reason why $billions are traded daily on meme coins ?
Gambling ?

Otherwise a quick search gives you these headlines :

 

Using FTT as collateral for ALL of your clients assets (let it be btc, eth or maybe even USDT/USDC)
was the most dumbest idea you could have.

Sam Bankman Fried must have been convinced, that his FTT Token is a real currency (asset).

 

WHY is there a buying interest in $FTT?
--->
WHY is there newbie interest in $FTT?

 

They could restart the exchange.

And it could also be just a pump and dump.

 

OH, I have understood the core points well, Thank you all for your responses! I wish you all a very Happy New Year!