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

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.

Timeline of Ftx-token

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.

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) 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.

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.

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.

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.

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.

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

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.

FTT token surges by over 100% after FTX recovers $7.3B in cash and crypto assets. Recovery increased over $800M since Jan. Positive for former users, but potential relaunch raises questions about FTX's future.