FTT Token Surges 18% as Major Transfers and FTX Creditor Developments Drive Market Rally

FTTUSDT experienced a significant price increase of 18.39% over the last 24 hours, with the current price at $1.0836 on Binance. The primary driver of this price movement appears to be renewed market interest following large FTT token transfers from an Alameda Research-linked address, including 1 million FTT sent to a Mirana Ventures-associated deposit, which are related to ongoing FTX creditor claims and regulatory processes. Additionally, continued developments in the FTX bankruptcy proceedings and anticipation around creditor repayments have contributed to heightened trading activity and bullish sentiment. Trading volume and market capitalization have also seen notable increases, reflecting strong market engagement and a rebound in FTT’s price performance.