On Tuesday, the FTX Token price surged by over 12% to reach $1.16, following reports of efforts to reopen the collapsed crypto exchange FTX. The new CEO, John J. Ray III, has hinted at plans to restart operations, and recent court filings show that he has been working on a reboot proposal. The surge in FTT's price is likely due to positive sentiment around the potential reopening of FTX, as well as the overall green trend in the crypto market, with the top 10 cryptocurrencies all trading positively. While no definite timeline is in place, FTX's revival looks increasingly concrete.
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