![]() ![]() However, there is cause for optimism, as trade volume has surged by 17.52% in the last 24 hours, amounting to $196,905,829. ![]() FTT Token Price Dips, Trade Volume Surges, Optimism GrowsĬoinMarketCap data reveals a prevailing bearish sentiment toward the FTT token, as its price witnessed a minor decline of 2.66%, currently valued at $2.06. This follows after in May, the United States Internal Revenue Service (IRS) took action by filing 45 claims accounts against FTX, totaling a significant amount of 44 billion dollars. The aim is to garner support for reviving the once-prominent exchange and reinstate its operations. Ray III, who assumed the role of CEO in November after FTX filed for bankruptcy, affirmed that the process of seeking interested parties for the reboot of FTX.com has commenced.Īccording to reports, FTX has initiated preliminary discussions with potential investors regarding financing options for a future relaunch, including the possibility of a joint venture. ![]() Speculation about an FTX revival has been circulating for some time, but the recent WSJ article suggests that the likelihood of this actually materializing is higher than previously believed. Commencing from $0.97, the FTX token saw its market value escalate by an impressive $233 million, reaching a total of $556.9 million. In response to these developments, FTT, the native token of FTX, experienced a remarkable surge in value, skyrocketing by over 70% in the past week alone. The Wall Street Journal (WSJ) disclosed on June 29 that the troubled cryptocurrency platform is intensifying its efforts to relaunch while navigating the bankruptcy process.
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