The FTT token, once associated with the now-defunct exchange, has seen a significant uptick in its value recently, raising eyebrows in the crypto community. This surge comes amidst a backdrop of volatility and uncertainty surrounding the token's future. The source notes that the upcoming disbursement of funds from the FTX Recovery Trust may be influencing this price increase.
FTT Price Surge
Over the past week, FTT's price has surged by 22%, reaching a peak of 1.13 on September 18, according to data from CoinGecko. However, the token has since experienced a slight retracement, fluctuating between 0.78 and 1.06 during this period.
Comparison to All-Time High
Despite this recent rally, FTT's current price remains a stark contrast to its all-time high of 84.18, which was achieved in September 2021. This means that the token is still nearly 99% below its peak value, highlighting the challenges it faces in regaining investor confidence and market stability.
As Bitcoin's price continues to soar, recent developments surrounding Remittix (RTX) have also captured attention in the crypto market. For more insights on how these trends are shaping the landscape, read the full article on Remittix's growing influence here.
