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FTT Token On a 8% Rockslide Despite FTX Ray Of Hope. Here's Why

www.newsbtc.com

FTT Token, the native coin of the failed crypto exchange FTX, is experiencing a slide in today's trading session. While it started the trading day negatively, it showed no recovery and further declined in price, recording up to an 8% loss and finding a spot in the top 3 losers in the sector.

Read in Full: www.newsbtc.com
Bitcoin FTT
$ 1.9244

Timeline of Ftx-token


FTX revival: Bulls and bears in tug-of-war as FTT's future uncertain - AMBCrypto

As the news of FTX's revival broke, there was a spike in the creation of new FTT addresses. However, FTT's future is still under question as a few market indicators were bearish.


FTT token's on-chain activity skyrockets amid FTX revival rumors - Finbold

After the news broke out that the bankrupt cryptocurrency trading platform FTX had recovered more than $7.3 billion in cash and liquid crypto assets and its attorney hinted that the crypto exchange could reopen at some point in the future, the FTX Token (FTT) has experienced a significant increase in on-chain activity.


FTT Surges 100% as FTX Considers Reopening - Coinspeaker

FTX's lead attorney said that restarting the exchange would require significant capital and there was an internal debate about whether this money should come from FTX's estate capital or through third-party capital.


FTX Token (FTT) Price Doubles In 24 Hours, Here's Why - NewsBTC

FTX Token (FTT) is currently one of the top gainers in the crypto market in the last day as the coin rose over 100%. This sudden growth was triggered by an announcement that said the bankrupt FTX exchange could possibly reopen for business soon.


FTT Price Surge – Michael van de Poppe Wouldn't Recommend Buying $FTT Token – Here's Why - CoinPedia

The bankrupt cryptocurrency exchange FTX is considering reopening its business according to its attorney from Sullivan & Cromwell during a court hearing on Wednesday. Andy Dietderich, the lead attorney for FTX, told the court that re-starting the exchange was one of many potential options being considered for the future of the company.


Here's why FTX Token (FTT) soared and why it could slip by ~17.2% - Invezz

The FTX Token (FTT/USD) price went vertical on Thursday as hopes that FTX could reopen. FTT jumped to a high of $2.9, which was more than 200% above the lowest level this year. This rally makes it one of the best-performing tokens this year.


Could the crypto exchange FTX reopen? The company's FTT tokens on the rise - The Cryptonomist

FTX, the crypto exchange that collapsed in November, is considering reopening, according to the latest sources: on hearing the news, the price of the platform's native token, FTT, more than doubled.


FTX's Native Token Skyrockets 96% As Reports Swirl Of A Possible Relaunch - Benzinga

Troubled cryptocurrency exchange FTX‘s native token FTT (CRYPTO: FTT) is up 96% in the last 24 hours, as news emerged that the exchange may be considering restarting in the future. What Happened: According to the legal team that represents FTX's debtors, the cryptocurrency firm has recovered around $7.


FTT's Price Doubles As FTX Considers Reboot; Which Other Affected Coins Will Follow Suit? - Coingape

FTX News: During a court hearing on Wednesday, FTX's attorneys from Sullivan & Cromwell revealed that the management is mulling over the possibility of reopening the crypto exchange in the second quarter of 2023 while it navigates through its bankruptcy process. In light of this news, FTX's native cryptocurrency, FTT, soared by almost 25% in


FTX native token spikes over 100% after lawyers tell court exchange could be revived - CryptoSlate

Collapsed crypto exchange FTX's native token FTT surged more than 100% on April 12 after lawyers revealed they had recovered additional liquid assets. As of press time, FTT was trading at $2.67, up 102.85% from $1.33 before the hearing.

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