FTX’s FTT token surged 13%, reaching $2.41, driven by rumors of upcoming reimbursements for creditors.
Terra Classic (LUNC) gained 31%, while Terra (LUNA) rose 33% over the past week.
Also, USTC experienced a 30-day price increase of over 55%.
Crypto assets from collapsed projects like FTX and Terraform Labs—FTT, USTC, LUNA, and LUNC— are defying expectations with explosive price gains. This “zombie token army” is on the march, with FTX’s token, FTT, leading the charge, surging by 13% today to trade at $2.41.
FTT Retests Yearly High
Looking at its price action over the last seven days, FTT has nearly doubled in value, climbing from a low of $1.36 to a high of $2.7205. This is one of the highest prices the FTX token has reached this year.
FTT’s rally was fueled by social media rumors suggesting that the FTX bankruptcy estate would begin distributing reimbursement funds to creditors and customers as early as September 30.
However, the official Chapter 11 filing indicates the bankruptcy plan has not been approved. A court hearing is scheduled for October 7.
USTC, LUNA, and LUNC Also Pumping Hard
In addition to the FTX token, crypto asset…
The post Zombie Tokens Defy Logic: FTT, USTC, LUNA, LUNC Surge appeared first on Coin Edition.
