$FTT seems to have found strong support around the $2.16 level. Monitoring Fibonacci levels could provide valuable insights for future price movements. Key resistance levels might indicate potential breakout opportunities. Traders should watch for volume spikes and RSI trends to confirm momentum. #MarketBuyOrHold? #MarketInTheGreen

FTT, a token that has become ineffective on FTX, saw a sharp increase in trading volume after positive news from creditors. FTX released a compensation plan last week, with 98% of creditors allowed to claim 118% of their losses. On May 8th, the day the plan was announced, the spot trading volume of FTT reached $139 million.

FTT broke through $2 in the short term, now trading at $2, with a daily increase of 23.8%. The market fluctuates significantly, please exercise caution in risk control. Previously, FTX submitted a revised restructuring plan, with the total value of collected, converted into cash, and distributable assets ranging from $14.5 billion to $16.3 billion, as reported by Jinse Caijing.

PANews News on February 1, according to Spot On Chain analysis, the price of FTT has fallen by 35% in the past few hours. FTX and Alameda still hold 76% of the total supply and have not sold in the last two months, even though the FTT price once reached $5.5; there hasn't been a lot of significant on-chain Token activity in the past few hours, only internal swap transactions. Due to the limited circulating supply, it is mainly Whale players who participate in FTT trading. Previously, FTX lawyers said that FTX gave up restarting the crypto exchange, but would repay creditors in full. If approved by the Rekt court, the funds are expected to be disbursed by the end of the second quarter of 2024. It is important to note that FTT holders will not be able to obtain any claims.

According to Spot On Chain analysis, the price of FTT has fallen by 35% in the past few hours, with sellers including: - FTX and Alameda still hold 76% of the total supply and have not sold in the last two months, even as the FTT price reaches $5.5 at some points; - In the last few hours, there has not been a lot of significant on-chain Token movement, only internal exchange transactions. Due to the limited circulating supply, it is mainly Whale players who participate in FTT trading, as there is news that "FTX will not restart."

🔝Gate.io Top 5 currencies with the largest trading volume in 24H ETH: 201.66 M BTC: 162.31 M SOL: 16.23 M FTT: 10.48 M JUP: 10.29 M More: https://www.gate.io/trade

🌟 Gate.io 24H Top 5 Volume Coins [February 1st]🌟 $ETH$ 201.66M $BTC$ 162.31M $SOL$ 16.23M $FTT$ 10.48M $JUP$ 10.29M 💎Find More: https://www.gate.io/trade

🔥Hot Searches [January 23] 🥇$NADA$ 🥈$FTT$ 🥉$ZBU$ Explore More: http://www.gate.io/trade

🔥Gate.io 今日热搜榜(1.23) 1. NADA 2. FTT 3. ZBU 更多:https://www.gate.io/trade

Golden Finance reported that the data showed that FTT short-term rise broke through the $4 mark, up 20.3% in the past 1 hour, and was $4.14 at the time of writing.

PANews reported on December 19 that FTX Trading Ltd. (i.e., FTX.com) and its affiliated debtors (collectively referred to as "FTX debtors") announced that they have reached a global settlement with Brian C. Simms KC, Peter Greaves and Kevin Cambridge, the joint official liquidators representing FTX Digital Markets Ltd. The settlement is reflected in the global settlement agreement signed today by the parties, which is subject to approval by the U.S. District Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas. Under the settlement agreement, FTX debtors and FTX Digital Markets will jointly handle the assets, ensuring that FTX.com clients receive nearly the same relative distribution in both programs. FTX debtors and FTX Digital Markets have agreed to seek to reconcile their valuations of FTX.com customer claims in order to maximize resource recovery. All FTX.com customer claims (with the exception of NFT-related claims) will be denominated in U.S. dollars, and FTT benefits are treated as equity and will not receive any recycling. The global settlement also includes an important agreement between FTX debtors and FTX Digital Markets regarding the realization of FTX Group's assets and cross-sector funding, with the aim of maximizing recovery benefits for customers and creditors.