FTX platform currency FTT has increased by 140% in seven days, and has increased by more than 160% in the past 30 days. The FTT/USDT trading pair on Binance once touched $3.1.
FTT surges 150% since November
The crypto market has been rising for days, and US Securities and Exchange Commission (SEC) Chairman Gary Gensler has publicly expressed conditional support for FTX's resumption, which makes FTT's gains even more amazing.
According to data from CoinMarketCap and Binance, FTT has increased by 140% in seven days, and has increased by more than 160% in the past 30 days.
( SEC Chairman is open to FTX restart, FTT rises more than 50% )
Data agency: FTX, Alameda wallet holdings doubled
Spot On Chain tweeted that FTX and Alameda wallets hold a total of approximately 267 million FTT (accounting for 76% of the total supply), and the value has jumped from US$334 million to US$726 million.
And so far, no FTT has been transferred to the relevant address.
In fact, the liquidity of FTT is much worse than before. The previous restructuring plan also disclosed that FTT will not be included in the claim calculation. Users’ bets on FTT are nothing more than speculation that FTT will still be listed as a platform currency after FTX restarts. Or even investing in FTT as a meme coin.
🎉🎉 FTX debtors may have 391M$ more thanks to $FTT recent pump!
➡️ $FTT surging 117% due to a potential reboot of FTX crypto exchange
➡️ FTX and Alameda addresses hold ~267M $FTT (76% of the total supply)
➡️ Their $FTT value has jumped from $334M to $726M.
As of now, the… pic.twitter.com/NEfjgGrs9U
— Spot On Chain (@spotonchain) November 10, 2023
