FTX Token (FTT), the native cryptocurrency of the collapsed FTX crypto exchange, is recording significant gains in 2023 despite the troubles surrounding the trading platform.
In particular, FTT has undergone an unexpected surge in value, rising over 120% since the start of the year, according to data shared with Finbold by Kaiko on January 23.
Despite the asset’s association with the bankrupt exchange, FTT has recently experienced a sustained mini-bull run amid uncertainty over lingering risks.
The data indicates that the FTT rally comes despite the token’s active markets plunging significantly from 28 to six. Currently, FTT markets include Binance, Huobi, Coinex, Kucoin, and Poloniex.
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