The native cryptocurrency of the now-defunct crypto exchange FTX, FTT, experienced a significant rise, jumping over 70% to hit a multi-month high. This surge occurred on September 29, pushing the token’s price to $2.

FTT’s rise comes after a steep fall following FTX’s collapse in November 2022. At its peak in 2021, FTT reached nearly $80, but after FTX’s implosion, the token dropped below $2 and has traded at that level since. The crash was accelerated when Binance, a major FTT holder, sold its entire position in FTX for risk management purposes.

FTX Token, the native cryptocurrency of the bankrupt crypto exchange FTX, has briefly touched $2.70 for the first time since March 2024.

Meanwhile, FTX Token [FTT] experienced a notable surge, soaring by 113% during an intraday high on the 29th of September. Despite a correction later in the day, FTT still closed 57% higher than its opening value. This sparked speculation among investors about its future trajectory.

FTX crypto token ($FTT) spiked ~90% yesterday following an influencer’s false announcement the exchange would repay customer funds today.

FTX Token (FTT) recorded a massive price spike of 63% on Monday morning as the hope of repayment among investors jumps in. Almost two years since FTX’s epic crash, billions lost, and Sam Bankman-Fried (SBF) behind bars,