FTT naglo raste 52% kako se Degens gomila u Ebattled Exchange token

The embattled FTT token has surged today as traders continue to pile into the collapsed exchange asset in an attempt to make a quick buck.

Crypto markets are still in the green this Monday morning. However, some token prices are skyrocketing.

The native token for the bankrupt FTX exchange, FTT, is pumping at the moment. From an intraday low of $1.64, FTT surged to a high of $2.50 during the morning hours of Jan. 16.

The move added 52% to the token’s price in 18 hours. FTT is now trading at its highest level since the FTX collapse in early November.

At the time of press, it was back to changing hands for $2.34.

An FTT Revival?

There appears to be little reason for the FTT pump aside from degen FOMO (fear of missing out).

Even after a gain of 157% over the past week, FTT is still down 97% from its all-time high. During the heydays of FTX and the crypto bull market, the token surged to $84 in September 2021.

Following the exchange’s epic implosion, FTT slumped below $1 and remained there until Jan. 10, when it started to move again.