FTT Token Surges 18.73% After Major Alameda Transfer and Bullish Breakout Signals on Binance

FTTUSDT experienced a significant 18.73% price increase in the last 24 hours, rising from 0.9134 to 1.0845 on Binance. This sharp upward movement appears to be influenced by recent large-scale token transfers, notably the 3.36 million FTT sent from an Alameda Research-linked address to Binance on July 12, 2025, and ongoing bullish sentiment highlighted by technical analysts who noted the token was gaining strength and approaching a potential breakout above key resistance levels. The increased trading activity and positive technical outlook have contributed to heightened volatility and trading volume, with the latest 24-hour volume exceeding 702,000 FTT and market capitalization estimates ranging from $264.83 million to $435 million. Despite the recent rally, FTT remains well below its historical highs, and trading continues to carry elevated risk due to the token’s background and current market dynamics.