FTT - FTT Token Gains 12% In Last 2 Weeks During Sam Bankman-Fried FTX Trial: Here's Why | Benzinga
While former FTX chief Sam Bankman-Fried was on trial, the native token he created saw a two-week gain of 12%.
The cryptocurrency currently stands at $1.18 at the time of writing, with a 24-hour trading volume of $32 million.
What Happened: According to Fortune, speculators are hopeful that the FTT coin will be used in some new version of the exchange now that the Bankman-Fried case has essentially wrapped.
The company’s current caretaker CEO, John J. Ray III, could choose to relaunch the exchange — an FTX 2.0 — and push the FTT token price higher.
Also Read: The True Cost Of The FTX Collapse - How Much Did Sam Bankman-Fried Really Make?
Mark Connors, head of research at 3iQ, ...