FTX Token (FTT), the native cryptocurrency of the bankrupt crypto exchange FTX, has experienced bullish momentum amid anticipated bankruptcy distributions. On September 29, FTT surged over 70%, reaching multimonth highs and briefly touching $2.70 for the first time since March 2024, according to CoinGecko data. FTT had been trading around $1.40 for most of the past month before this dramatic spike in daily returns. However, after the surge, it tumbled in price, trading at approximately $2.10 as of September 30, which still reflects an increase of around 30% over the previous 24 hours, based on data from CoinGecko. The rally
