June 29 (Cointime) - FTT's price has surged over 33% due to news of FTX's potential revival plans. The current CEO of the bankrupt exchange, John J. Ray III, has set up a team to explore ways to restart the exchange.

FTT's price has been rallying since June 15, rising 131% to reach a daily high near $1.86 on June 29, but traders seem to be booking profits as the price dropped more than 12% to a daily low of $1.63 on the same day.

However, as news of the exchange's revival plans gains traction, traders might enter the market to capitalize on the buying opportunity, which could lead to a rise in FTT's price.