CEFI

Since November, it has surged by over 150%. Alameda wallet's FTT holdings have increased from $300 million to $700 million.

share
Since November, it has surged by over 150%. Alameda wallet

FTX's platform token FTT has surged by 140% in the past seven days, with an increase of over 160% in the last 30 days. The FTT/USDT trading pair on Binance even briefly reached $3.1.

FTT Surges 150% in November

The cryptocurrency market has been on the rise in recent days, and the conditional support expressed by Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), for the FTX relaunch has made the surge of FTT even more remarkable.

According to CoinMarketCap and Binance data, FTT has surged by 140% in the past seven days and over 160% in the last 30 days.

FTT Surges Over 50% with Openness from SEC Chairman on FTX Relaunch

FTT/USDT

Data Institution: FTX and Alameda Wallet Holdings Double

A tweet from Spot On Chain pointed out that FTX and Alameda wallets collectively hold approximately 267 million FTT, accounting for 76% of the total supply, with the value soaring from $334 million to $726 million.

Furthermore, as of now, no FTT has been transferred from the relevant addresses.

In fact, the liquidity of FTT is not as good as before, and the previous restructuring plan also revealed that FTT would not be included in the claim calculation. Users' bets on FTT are nothing more than speculation that FTT will still be considered the platform coin after the FTX relaunch, or even that FTT is being treated as a meme coin for investment.

FTX Restructuring Plan Update: Repayment in USD, FTT Excluded from Claims, or Relaunch of FTX through Merger