FTT, the native token of the bankrupt crypto exchange FTX, has seen a significant surge in market gains, rising by double digits in the past 24 hours. This increase comes as FTX prepares to implement its court-approved Chapter 11 Plan of Reorganization on January 3. The exchange has confirmed this date for the plan's commencement, with the first reimbursements expected within 60 days. With less than 10 days left, FTT trading activity has intensified, with the altcoin currently trading at $3.21, marking a 14% increase. This surge has positioned FTT as the top gainer in the market. Additionally, the token's price hike has resulted in a rise in transaction profitability, with a ratio of 7.22 transactions in profit for every loss. Traders are showing optimism for a sustained rally, as reflected in the Long/Short Ratio of 51.15%. The token faces resistance at $3.78, with potential to reach its one-year high of $4.40, but a failure to surpass this level could lead to a downward trend. Read more AI-generated news on: https://app.chaingpt.org/news