{"id":289275,"date":"2023-01-16T15:26:03","date_gmt":"2023-01-16T15:26:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=289275"},"modified":"2023-01-16T20:56:46","modified_gmt":"2023-01-16T20:56:46","slug":"ftt-surges-48-other-bankrupt-tokens-also-rise","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ftt-surges-48-other-bankrupt-tokens-also-rise\/","title":{"rendered":"FTT surges 48%; other bankrupt tokens also rise"},"content":{"rendered":"<p>Bankrupt FTX's native token <a href=\"https:\/\/cryptoslate.com\/coins\/ftx-token\/\">FTT<\/a> is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $<span class=\"holepunch holepunch-coin_price_usd\">2.58, according to <em>CryptoSlate's<\/em> data.<\/span><\/p>\n<p>The embattled exchange token has risen by more than 170% on the seven days metrics. The impressive price performance has pushed it to its highest level since FTX <a href=\"https:\/\/cryptoslate.com\/ftx-files-for-bankruptcy-as-sam-bankman-fried-resigns-as-ceo\/\">filed<\/a> for bankruptcy in November 2022 &#8211;the token plunged below $1 in December 2022, trading at that level until Jan. 10 2023.<\/p>\n<p>Meanwhile, despite the rapid gain, the token is still 97% down from its all-time high of $84.<\/p>\n<h2>Crypto community can't explain FTT's increase<\/h2>\n<p>Several analysts within the crypto community are <a href=\"https:\/\/twitter.com\/RuneCrypto_\/status\/1614692620151799808?s=20&t=Mj4GoCfXHW6EAIpIe4y0fQ\">perplexed<\/a> by FTT's green run, with many wondering why top exchanges have not delisted the token.<\/p>\n<p>Crypto investor Mac <a href=\"https:\/\/twitter.com\/MacnBTC\/status\/1614924902511046657?s=20&t=Mj4GoCfXHW6EAIpIe4y0fQ\">said<\/a>:<\/p>\n<blockquote><p>&#8220;[There is] <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">not a single other place in the world you will find stocks of businesses that committed fraud and went bankrupt pump several hundred %. Meanwhile <\/span><span class=\"r-18u37iz\"><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/search?q=%24FTT&src=cashtag_click\">$FTT<\/a><\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> still not delisted from Binance and x3 from the lows. and you wonder why regulators hate us?&#8221;<\/span><\/p><\/blockquote>\n<p>Another crypto trader Ran Neuner <a href=\"https:\/\/twitter.com\/cryptomanran\/status\/1614917432698609666?s=20&t=Mj4GoCfXHW6EAIpIe4y0fQ\">asked<\/a> if there was no reason to short FTT now. According to Neuner, the token &#8220;surely has to go to zero.&#8221;<\/p>\n<h2>Other embattled tokens rise<\/h2>\n<p>Besides FTT,\u00a0 the native token of bankrupt crypto lenders Voyager's <a href=\"https:\/\/cryptoslate.com\/coins\/voyager-token\/\">VGX<\/a> and Celsius' <a href=\"https:\/\/cryptoslate.com\/coins\/celsius\/\">CEL<\/a> have also posted gains in the last 24 hours.<\/p>\n<p>Voyager's VGX jumped 11% in the last 24 hours to $<span class=\"holepunch holepunch-coin_price_usd\">0.4247 as of press time. The beleaguered lender's token has surged by over 37% on the seven-day metric and 41% in the last 30 days.<\/span><\/p>\n<p>On the other hand, Celsius' CEL posted a meager gain of 1.28% in the last 24 hours. Compared to its rivals, CEL recorded a modest increase of 13.68% in the previous seven days and a 30% rise over the past month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankrupt FTX&#8217;s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58, according to CryptoSlate&#8217;s data. The embattled exchange token has risen by more than 170% on the seven days metrics. The impressive price performance has pushed it to its highest level since FTX [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":289317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,77901,77968],"tags":[75594,77137,78163,76833,78306,77830],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FTT surges 48%; other bankrupt tokens also rise<\/title>\n<meta name=\"description\" content=\"Bankrupt FTX&#039;s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ftt-surges-48-other-bankrupt-tokens-also-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTT surges 48%; other bankrupt tokens also rise\" \/>\n<meta property=\"og:description\" content=\"Bankrupt FTX&#039;s native token FTT is one of the best-performing digital assets in the last 24 hours, surging by over 48% to $2.58.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ftt-surges-48-other-bankrupt-tokens-also-rise\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-16T15:26:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-16T20:56:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/ftt-ftx.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ftt-surges-48-other-bankrupt-tokens-also-rise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ftt-surges-48-other-bankrupt-tokens-also-rise\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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