{"id":9806,"date":"2023-01-16T16:01:53","date_gmt":"2023-01-16T16:01:53","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=9806"},"modified":"2023-01-16T16:01:54","modified_gmt":"2023-01-16T16:01:54","slug":"ftt-surges-48-other-bankrupt-tokens-also-rise","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9806","title":{"rendered":"FTT surges 48%; other bankrupt tokens also rise"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n   <\/p>\n<p>Bankrupt FTX\u2019s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to <em>CryptoSlate\u2019s<\/em> data.<\/p>\n<p>The embattled exchange token has risen by more than 170% on the seven days metrics. The impressive price performance has pushed it to its highest level since FTX filed for bankruptcy in November 2022 \u2013the token plunged below $1 in December 2022, trading at that level until Jan. 10 2023.<\/p>\n<p>Meanwhile, despite the rapid gain, the token is still 97% down from its all-time high of $84.<\/p>\n<h2>Crypto community can\u2019t explain FTT\u2019s increase<\/h2>\n<p>Several analysts within the crypto community are perplexed by FTT\u2019s green run, with many wondering why top exchanges have not delisted the token.<\/p>\n<p>Crypto investor Mac said:<\/p>\n<p>\u201c[There is] not a single other place in the world you will find stocks of businesses that committed fraud and went bankrupt pump several hundred %. Meanwhile $FTT still not delisted from Binance and x3 from the lows. and you wonder why regulators hate us?\u201d<\/p>\n<p>Another crypto trader Ran Neuner asked if there was no reason to short FTT now. According to Neuner, the token \u201csurely has to go to zero.\u201d<\/p>\n<h2>Other embattled tokens rise<\/h2>\n<p>Besides FTT,\u00a0 the native token of bankrupt crypto lenders Voyager\u2019s VGX and Celsius\u2019 CEL have also posted gains in the last 24 hours.<\/p>\n<p>Voyager\u2019s VGX jumped 11% in the last 24 hours to $0.4247 as of press time. The beleaguered lender\u2019s token has surged by over 37% on the seven-day metric and 41% in the last 30 days.<\/p>\n<p>On the other hand, Celsius\u2019 CEL posted a meager gain of 1.28% in the last 24 hours. Compared to its rivals, CEL recorded a modest increase of 13.68% in the previous seven days and a 30% rise over the past month.<\/p>\n<h3>Read Our Latest Market Report<\/h3>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/ftt-surges-48-other-bankrupt-tokens-also-rise\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankrupt FTX\u2019s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to CryptoSlate\u2019s data. The embattled exchange token has risen by more than 170% on the seven days metrics. The impressive price performance has pushed it to its highest level since FTX [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-9806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9806"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9806\/revisions"}],"predecessor-version":[{"id":9808,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9806\/revisions\/9808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9807"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}