FTT Token Jumps 12.54% as Alameda Moves 3.36M FTT and FTX Claims Portal Opens

FTTUSDT has experienced a notable price increase of 12.54% over the past 24 hours, with the current price on Binance at 1.0443 USDT. This surge is primarily attributed to recent developments including the transfer of 3.36 million FTT tokens by an address linked to Alameda Research and the opening of FTX's online claims portal for creditor applications, both of which have heightened market activity and speculation around the token's future. Technical indicators show increased volatility, with the RSI nearing overbought levels and a bullish engulfing pattern observed near support. Trading volumes have also risen significantly, with CoinMarketCap reporting a 24-hour volume of $67 million and a market capitalization of approximately $344.66 million, while the circulating supply stands at about 328.9 million FTT. The token remains actively traded on major exchanges, and recent price action reflects both heightened trading interest and ongoing developments related to the FTX bankruptcy proceedings.