The native token of the defunct cryptocurrency exchange FTX, known as FTT, has experienced a significant surge of 90% in value. This surge follows comments made by the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Gensler’s comments hinted at the possibility of a revival of the exchange that collapsed a year ago.
The increase in FTT’s value suggests that investors are optimistic about the potential for FTX to make a comeback. The collapse of the exchange last year had left many uncertain about its future. However, Gensler’s remarks have sparked renewed hope among traders and investors in the cryptocurrency community.
Given the enthusiasm surrounding the potential reboot of FTX, it will be interesting to see how things progress in the coming weeks and months. Investors and followers of cryptocurrency will undoubtedly keep a close eye on any further developments related to FTX and its native token FTT.
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