What is behind this rise?
In the last few hours, FTX's FTT token has seen a significant increase in value and here are the reasons for this
đSigns of a possible FTX revival:
- The current management plans to launch a 2.0 version of the exchange after settling its debts.
- FTX asset auction could be won by Tom Farley, former president of the NYSE.
- A potential resurgence of FTX could boost the value of FTT.
Binance in the eye of the storm:
- The exchange and its CEO, Changpeng Zhao, have pleaded guilty to violating anti-money laundering laws in the US.
- The news has generated a feeling of revenge among investors, prompting the purchase of FTT.
