Why is FTT rising?

The court-approved reorganization plan for FTX, set to take effect in January 2025, has generated optimism. The plan includes provisions for reimbursing creditors, which may have sparked speculative buying of the token.

In recent developments, FTX announced its restructuring strategy in a press release dated November 21, 2024. This announcement created renewed optimism among investors by revealing the company's plan to meet its financial obligations to creditors.

Over the past week, FTT has experienced significant trading volume and volatility, with the price climbing by over 30%.