About FTX Token

The former FTX chief of staff reportedly “donated” FTT tokens he had obtained at a price of $0.05, later selling them after public trading opened for $1.

Story Highlights The live price of FTX is . FTX price, with a potential surge, could go as high as $1.62 by the end of 2024. FTT price could reach a high of $14 by the end of 2030. FTX (FTT) Token shows intriguing movement in 2024 as the bulls are gradually making a comeback.

Despite increased selling pressure within the cryptocurrency market, the FTX price has recorded a bullish price action since the week started. This indicates an increase in the buying-over-selling pressure for the altcoin in the crypto space.

FTX restructuring plan has encountered a major obstacle, particularly affecting holders of the exchange's native FTT token. The official committee of FTX unsecured creditors recently made an announcement that has caused concern in the crypto community.

A local source revealed that Japan's leading crypto exchange, bitFlyer, is negotiating to buy all shares of FTX's Japanese subsidiary. Japan's NHK news confirmed that the FTX firm is making adjustments as it prepare for business expansion and new acquisition.

Ten days ago, the FTX estate overseeing the bankrupt company's proceedings informed customers they would receive more than 100% repayment. Following this announcement, the exchange token FTT from the defunct trading platform rose above $2 per unit.