⚡ FTT’s Comeback — Market Speculation or Hidden Potential?
posted 31 Dec 2024
Against all odds, the token of the bankrupt FTX exchange has soared by 250% since September. Is this a case of blind speculation or a calculated response to market factors?
With FTT hitting $3.76 and a market cap of over $1.2 billion, some experts believe the upward trend might hold through early 2025. The reasoning? FTX’s repayment process is nearing its most active phase, potentially fueling further momentum.
For more details on the creditor payout timeline, see our article, “FTX Payouts: What to Expect?”
FTT Price Dynamics. Source: coinmarketcap
FTT’s rise is bolstered by a major milestone: the U.S. court’s approval of FTX’s Chapter 11 plan, effective January 3, 2025. Creditors will begin filing claims, with payouts exceeding $16 billion slated to start within 60 days.
This amount might grow as private investors betting on FTX’s preferred shares anticipate profits fueled by potential price increases in BTC, ETH, and SOL within the compensation reserves.
Top-tier custodians like BitGo and Kraken will act as key intermediaries to secure and distribute funds as part of the FTX repayment process. Other partners may join to manage this large-scale operation.FTT’s rising value is fueled by expectations around creditor payouts.
This speculative interest is driving demand, but new investors should remain wary—FTT is a speculative asset with no functional utility.
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