The native token of FTX, a now defunct cryptocurrency exchange, has experienced a remarkable surge of 90% in its value. This surge was triggered by comments made by Securities and Exchange Commission (SEC) chairman Gary Gensler. Gensler hinted at the possibility of a revival for the exchange, which had collapsed a year ago. This news has injected optimism into the market, leading to a significant increase in the value of the FTT token.
Investors and cryptocurrency enthusiasts have been closely monitoring any developments regarding FTX since its collapse. The remarks from SEC chairman Gensler have provided a glimmer of hope for those who had lost investments during the exchange’s downfall. The 90% surge in the value of FTT demonstrates the impact of regulatory comments on the cryptocurrency market, as it serves as a reminder of the influence regulatory bodies can have on the industry. This development has reignited interest in FTT and has sparked discussions about the potential resurrection of the exchange.
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