Once the symbol of one of crypto’s biggest collapses, FTT is making headlines again. In early May, its price surged over 60%, pushing past the $1.20 mark. What’s going on — and could this be the beginning of a real comeback?
What’s Fueling the Hype?
1. Trading Volume Surge
According to CoinStats, FTT’s 24-hour trading volume jumped by more than 420%, with a daily price increase of +13.98%. That kind of spike is usually a sign of speculative interest and short-term momentum.
2. Technical Indicators Turn Bullish
On the daily chart:
The price has broken above the MA(5) and MA(10),
MACD is in the green, indicating bullish momentum,
Bollinger Bands are expanding upward, suggesting increasing volatility.
3. Fundamental Trigger: Creditor Payouts
Recent reports confirm that FTX creditor payouts are scheduled for May 30, 2025. This announcement has sparked renewed hope — even if the token itself has no real use anymore.
4. The "Forgotten Altcoin" Effect
Crypto loves a comeback story. Tokens that were once dead often pump on pure sentiment, FOMO, and name recognition. FTT fits that mold perfectly.
Can FTT Return to Former Highs?
FTT once traded above $80, but that was before the FTX collapse. Even if something new rises from the ashes, it doesn’t mean FTT will regain its old glory.
That said, speculative momentum could push it toward $1.50 or even $2.00 — especially if altcoins continue their broader rally.
Personal Note:
I’m not treating FTT as a long-term investment, but it might offer opportunities for short-term trades. Tight stop-losses and profit-taking are a must.
We’ll be watching — FTT is back in play. But for how long?
Are you buying FTT or staying away? Drop a comment!