More surprisingly, the token has been up 170% in the past seven days. The impressive price performance pushed it to the highest level since FTX filed for bankruptcy in November 2022.
Meanwhile, despite the rapid rise, FTT is still down 97% from its all-time high of $84.
There is no explanation for FTT’s bullish
Some analysts in the community are confused by FTT’s sudden surge, and many wondering why the top exchanges have not delisted the token.
Crypto investor Mac said:
Meanwhile, trader Ran Neuner asked if there was any reason to sell FTT right now. According to Neuner, the token “surely has to go to zero.”
Other embattled tokens also increase
Besides FTT, native tokens of bankrupt crypto lending platforms like Voyager’s VGX and Celsius’s CEL also gained over the past 24 hours.
Specifically, VGX is up 11% to $0.4247 at press time. The lender’s token has been up more than 37% on the seven-day chart and 41% in the past 30 days.
On the other hand, CEL is up 1.28% over the past 24 hours. Compared to competitors, CEL recorded a modest increase of 13.68% in 7 days and increased 30% in the past month.
(Reference: Cryptoslate)
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