According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, FTT (FTX Token) is trading at $0.62, up 10.97% in the past 24 hours, reaching a high of $0.62 and a low of $0.52, with 24-hour trading volume at $5.09 million. The current market cap is approximately $204 million, an increase of $20.1 million from yesterday.
Recent important news about FTT:
1️⃣ Sam Bankman-Fried returns to social media, FTT price surges
FTX founder Sam Bankman-Fried posted on X (formerly Twitter) for the first time in two years, drawing significant market attention. This move directly pushed the price of FTT token up by 30%, reflecting investors’ strong sensitivity to FTX-related developments.
2️⃣ FTX creditor repayment plan progresses, may impact FTT performance
FTX is moving forward with a plan to repay $1.6 billion to creditors. This progress could have a significant impact on the value of FTT token, as it relates to the resolution of the FTX bankruptcy case and asset distribution.
3️⃣ Regulators question FTT classification, market watches for further developments
The U.S. Securities and Exchange Commission (SEC) is assessing whether FTT token should be classified as a security. This regulatory move could have far-reaching implications for FTT’s legal status and future trading, with market participants closely monitoring the situation.
From a technical perspective, FTT’s price has recently shown a clear uptrend, breaking through several key resistance levels. However, considering the complexity of the FTX bankruptcy case and potential regulatory risks, FTT’s price volatility may remain high.
This message does not constitute investment advice; please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Shiba Inu Stabilizes After Key Support Reclaim, Signaling a Potential Rally
Key Insights:
Shiba Inu price shows early signs of stabilization after a key support level reclaim, signaling potential relief.
Oversold conditions are easing, creating a favorable scenario for a short-term recovery rally in Shiba Inu.
Holding above the value area low increases the
CryptoNewsLand46m ago
Pepe Coin Holds Firm Near $0.0543 Resistance Amid Tight 24H Trading Range
PEPE is trading narrowly around $0.0543, showing a 3.1% daily increase, with support at $0.0541 and resistance at $0.0543. The token demonstrates consistent short-term performance, gaining 2.7% against BTC and ETH, reflecting a balanced market structure.
CryptoNewsLand51m ago
Ethena Quietly Pivoted – Is ENA Now the “AWS of Stablecoins”?
Ethena (ENA) may have just changed its business model, and most of the market barely reacted. AI agent Aiixbt shared on X that the project has stepped away from directly competing in the stablecoin wars.
Instead of fighting for market share with USDe, Ethena is now offering white-label
CaptainAltcoin51m ago
QNT Price Stalls at $65 as 4H Momentum Cools and $60–$61 Liquidity Zone Draws Attention
QNT is trading at $65.28 which is a -1.2 percent decline in 24 hours but is clinging to the $65.10 support level.
In the short run, there is an instant resistance at $66.71, which prevents upward short-term trades on the 4-hour chart.
A Fair Value Gap of between $60-$61 is still a major l
CryptoNewsLand55m ago
IOTA Coils After Trendline Break as $0.07156 Resistance Caps 40% Expansion Setup
IOTA is trading at a price of $.06965, which is 2.4 percent higher than the price 24 hours ago and it is trading above a currently broken downward trendline.
The short-term resistance is at $0.07156, and the support is strongly at $0.06769.
Price continues to squeeze within a narrow
CryptoNewsLand1h ago
Pepe Price Shows Early Signs of Bullish Reversal After Key Support Reclaim
Pepe's price shows signs of recovery after a brief dip below support, indicated by a bullish engulfing candle that breaks the trend of lower highs. Maintaining above key support is essential for further upward potential toward the Value Area Low.
CryptoNewsLand1h ago
