Posted 1/23/2024, 8:45:00 AM
FTT Token Jumps 11% on Hopes of Improved FTX Creditor Repayments
- FTT tokens rose 11% on hopes of FTX creditor repayments, with claims rising to 80 cents on the dollar
- FTT trading volumes jumped from $22 million on Sunday to $90 million on Tuesday
- Price spike followed report that FTX bankruptcy estate dumped 22 million GBTC shares worth nearly $1 billion
- Claims on FTX deposits over $1 million have continued increasing ahead of upcoming Claims Estimation Hearing
- FTT gained while bitcoin slumped 3.5% to $39,500 and the CoinDesk 20 index dropped nearly 5%