FTT’s Price Surged in the Last 24H; Recovery or Upcoming Dump?
- FTT has made its way to the top of CoinMarketCap’s trending list.
- The altcoin received a suspicious 33+% price pump in the last 24 hours.
- This latest pump may be FTT’s last hoorah before its inevitable market exit.
Making its way to the top of CoinMarketCap’s trending list is FTT, which is the native token for the collapsed exchange, FTX. The token’s out-of-character gain in the last 24 hours, which has been a period that saw crypto prices marketwide fall as well, is the reason that the disgraced-platform’s native token has claimed the number one spot.
According to CoinMarketCap, FTT’s price surged more than 25% in the last 24 hours. Perhaps most intriguing is that FTT’s price surge comes at a time when the global crypto market cap is down 1.82% – taking the total to $1.16 trillion at press time.
FTT has also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 25.94% and 26.24% respectively in the last 24 hours. Currently, the altcoin’s price stands at $1.52. This is a slight retracement from its daily high of $1.71.
There has been a dramatic surge in FTT’s trading volume over the last 24 hours as w…
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