FTX Token Stuns Market With 60% Gains — What’s Going On With Crypto Of The Bankrupt Exchange Founded By Sam Bankman-Fried?
Posted On September 30, 2024
The cryptocurrency belonging to the defunct cryptocurrency exchange FTX (CRYPTO: FTT) dramatically jumped on Sunday, dwarfing the gains made by the rest of the market.
What happened: FTT exploded more than 60% over the last 24 hours, turning out to be the market’s biggest gainer by a mile. The coin’s trading volume lifted an eye-popping 3734%, with the buying pressure catapulting it to values not seen since mid-March.
The rally defied the broader market that saw the total market capitalization contract by 1.89% in the last 24 hours.
FTT’s massive spike was unusual, given that the coin doesn’t have any use as of this writing. It lost more than 90% of its market value after
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