The price of FTT – the native token of the once-leading cryptocurrency exchange – has surged by over 35% for the past 24 hours following the announced reboot bidding process.
The coin has been on a massive downtrend since the marketplace’s demise in November.
According to a recent report, John Ray – the current CEO and Chief Restructuring Officer of FTX and its affiliated debtors – said the company has moved ahead with its plan to reboot.
Specifically, the former crypto giant “has begun the process of soliciting interested parties to the reboot of the FTX.com exchange,” he explained.
The potential restart of the platform could be financed by investors, with blockchain lending company Figure assumingly being one of the interested entities.
FTT reacted positively to the rumors, spiking by over 35% on a daily basis. As of the moment of writing these lines, it trades at a two-month high of approximately $1.70, whereas a few hours ago, it reached $1.83 (per CoinGecko data).
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We współpracy z: https://cryptopotato.com/ftt-explodes-35-on-ftx-revival-idea/
