FTT, the associated token of FTX, experienced a notable 37% increase in value in just one day, attracting significant attention in the cryptocurrency realm. This surge, occurring amidst the usual market fluctuations, highlights its remarkable growth. At present, FTT is being traded at $2.15.

Based on CoinMarketCap data, FTT's trading volume witnessed a substantial surge of 157.39%, reaching approximately $85 million in a 24-hour period, with an overall market capitalization of $705 million.

The recent legal dispute involving FTX could be driving the sudden rise in FTT's value. FTX, the platform linked to FTT, has been facing legal scrutiny, leading to heightened interest in the token.

Recent reports indicate that FTX has proposed a plan to repay all debts to its creditors fully, and potentially offer additional compensation. This plan has received approval from the court and emphasizes that FTX will distribute recovered assets amounting to between $14.5 billion and $16.3 billion.

The substantial 37% surge in FTT's value, accompanied by a 157.39% increase in trading volume, indicates a noteworthy level of interest. The legal concerns surrounding FTX may have contributed to this surge. With the court endorsing FTX's repayment plan to creditors, including the possibility of extra returns, it signals a positive direction. It remains to be seen whether this legal resolution will uphold FTT's positive trajectory.