FTT surges 48%; other bankrupt tokens also rise

Bankrupt FTX’s autochthonal token FTT is 1 of the best-performing integer assets successful the past 24 hours, surging by implicit 48% to $2.58, according to CryptoSlate’s data.

The embattled speech token has risen by much than 170% connected the 7 days metrics. The awesome terms show has pushed it to its highest level since FTX filed for bankruptcy successful November 2022 –the token plunged beneath $1 successful December 2022, trading astatine that level until Jan. 10 2023.

Meanwhile, contempt the accelerated gain, the token is inactive 97% down from its all-time precocious of $84.

Crypto assemblage can’t explicate FTT’s increase

Several analysts wrong the crypto assemblage are perplexed by FTT’s greenish run, with galore wondering wherefore apical exchanges person not delisted the token.

Crypto capitalist Mac said:

“[There is] not a azygous different spot successful the satellite you volition find stocks of businesses that committed fraud and went bankrupt pump respective 100 %. Meanwhile $FTT inactive not delisted from Binance and x3 from the lows. and you wonderment wherefore regulators hatred us?”

Another crypto trader Ran Neuner asked if determination was nary crushed to abbreviated FTT now. According to Neuner, the token “surely has to spell to zero.”

Other embattled tokens rise

Besides FTT,  the autochthonal token of bankrupt crypto lenders Voyager’s VGX and Celsius’ CEL person besides posted gains successful the past 24 hours.

Voyager’s VGX jumped 11% successful the past 24 hours to $0.4247 arsenic of property time. The beleaguered lender’s token has surged by implicit 37% connected the seven-day metric and 41% successful the past 30 days.

On the different hand, Celsius’ CEL posted a meager summation of 1.28% successful the past 24 hours. Compared to its rivals, CEL recorded a humble summation of 13.68% successful the erstwhile 7 days and a 30% emergence implicit the past month.

The station FTT surges 48%; different bankrupt tokens besides rise appeared archetypal connected CryptoSlate.