CryptoIntelligence
2024-09-30 14:56:00

FTX’s FTT Token Rallies 70% Ahead of Bankruptcy Distributions

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

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