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- FTX’s FTT token surged 13%, reaching $2.41, pushed by rumors of upcoming reimbursements for collectors.
- Terra Basic (LUNC) gained 31%, whereas Terra (LUNA) rose 33% over the previous week.
- Additionally, USTC skilled a 30-day worth enhance of over 55%.
Crypto property from collapsed initiatives like FTX and Terraform Labs—FTT, USTC, LUNA, and LUNC— are defying expectations with explosive worth good points. This “zombie token military” is on the march, with FTX’s token, FTT, main the cost, surging by 13% at present to commerce at $2.41.
FTT Retests Yearly Excessive
its worth motion during the last seven days, FTT has practically doubled in worth, climbing from a low of $1.36 to a excessive of $2.7205. This is likely one of the highest costs the FTX token has reached this 12 months.
FTT’s rally was fueled by social media rumors suggesting that the FTX chapter property would start distributing reimbursement funds to collectors and prospects as early as September 30.
Nonetheless, the official Chapter 11 submitting signifies the chapter plan has not been authorized. A courtroom listening to is scheduled for October 7.
USTC, LUNA, and LUNC Additionally Pumping Exhausting
Along with the FTX token, crypto property from Terraform Labs have additionally seen vital good points over the previous week.
Terra Basic (LUNC) registered a 5% enhance at present, now buying and selling at $0.00009886. This development marks a comeback for LUNC after a latest pullback that noticed its worth drop to $0.000090. Initially, it rallied 31% from $0.00008306 on September 23 to $0.0001091 on September 30.
Equally, its counterpart, Terra (LUNA), skilled comparable worth appreciation during the last seven days. LUNA superior from $0.3785 to $0.5048 final week, reaching a 33% achieve.
Likewise, the USTC token, which was initially designed as a stablecoin however has since transitioned to a extra unstable crypto, additionally participated within the latest worth surge. USTC at present boasts a 30-day worth development of over 55%, buying and selling at $0.0244.
Notably, USTC, LUNA, and LUNC have all surged since final week, as total market sentiment turned bullish, with Bitcoin reaching $66K. Whereas a correction occurred on Monday, the bullish momentum is returning.
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