FTX’s FTT token rallies 28% — Binance impact or FTX 2.0 reopening?

Amid market uncertainties round Changpeng “CZ” Zhao’s departure as Binance CEO, defunct crypto trade FTX’s native (FTT) witnessed a quick bull run. FTT has surged in worth over the previous 48 hours, buying and selling at $4.63 on the time of writing, a 28% improve from $3.56.

FTT is experiencing one other surge following Binance’s $4.3 billion settlement with the US Division of Justice, in accordance to on-chain evaluation agency Santiment, which revealed the ten largest wallets accumulating $12.8 million of tokens in 19 days.

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