FTT surges 48%; other bankrupt tokens also rise

Bankrupt FTX’s native token FTT is among the best-performing digital belongings within the final 24 hours, surging by over 48% to $2.58, in accordance with CryptoSlate’s knowledge.

The embattled change token has risen by greater than 170% on the seven days metrics. The spectacular value efficiency has pushed it to its highest stage since FTX filed for chapter in November 2022 –the token plunged beneath $1 in December 2022, buying and selling at that stage till Jan. 10 2023.

In the meantime, regardless of the speedy acquire, the token continues to be 97% down from its all-time excessive of $84.

Crypto group can’t clarify FTT’s enhance

A number of analysts inside the crypto group are perplexed by FTT’s inexperienced run, with many questioning why high exchanges haven’t delisted the token.

Crypto investor Mac said:

“[There is] not a single different place on this planet you can see shares of companies that dedicated fraud and went bankrupt pump a number of hundred %. In the meantime $FTT nonetheless not delisted from Binance and x3 from the lows. and also you surprise why regulators hate us?”

One other crypto dealer Ran Neuner asked if there was no motive to quick FTT now. In line with Neuner, the token “absolutely has to go to zero.”

Different embattled tokens rise

In addition to FTT,  the native token of bankrupt crypto lenders Voyager’s VGX and Celsius’ CEL have additionally posted good points within the final 24 hours.

Voyager’s VGX jumped 11% within the final 24 hours to $0.4247 as of press time. The beleaguered lender’s token has surged by over 37% on the seven-day metric and 41% within the final 30 days.

Then again, Celsius’ CEL posted a meager acquire of 1.28% within the final 24 hours. In comparison with its rivals, CEL recorded a modest enhance of 13.68% within the earlier seven days and a 30% rise over the previous month.

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