FTX Token spikes 70% amid looming bankruptcy distributions

The native token of the bankrupt crypto exchange FTX has seen sharp bullish action amid looming bankruptcy distributions.

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FTX Token (FTT), the native cryptocurrency of the bankrupt crypto exchange FTX, has seen bullish action amid looming bankruptcy distributions.

FTT surged by more than 70% to multimonth highs on Sept. 29, briefly touching $2.70 for the first time since March 2024, according to CoinGecko data.

FTT 30-day price chart. Source. CoinGecko

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