FTT trading soars, up 300% in a month! Creditors advise FTX

Yamini003

Amid recent 'reboot news,' the bankrupt exchange FTX token FTT continues to soar. Some people anticipate that after the reboot, holding FTT may be exchanged for equivalent equity. In the past 30 days, FTT has surged nearly 300%, reaching as high as $5.5 on Binance, and currently standing at $4 before the deadline. The trading volume has risen significantly, with a 'Trading Volume/Market Cap' ratio of 0.5746, compared to Bitcoin's ratio of 0.03, indicating a substantial trading volume relative to FTT's market cap.

Creditors group: FTX brand is crucial, suggests contacting the marketing team. The creditors believe that FTX is a very strong brand, and without it, it would not be possible for a token with a remaining value to reach a market cap of $2 billion again (currently $1.3 billion before the deadline). They also recommend rehiring the marketing team from FTX.

Ritu13

It's impressive that it can surge this much in just one month.

Samiksha

It might be worth looking into this team.

Ritu77

With the trading volume surging, did the price experience a synchronous significant increase?

977Iti

For creditors, it's still advisable to keep an eye on the team.