- FTX’s FTT token soared 13% to $2.41 following rumors of upcoming repayments to collectors.
- Over the previous week, Terra Traditional (LUNC) is up 31% and Terra (LUNA) is up 33%.
- USTC additionally noticed a worth improve of over 55% in 30 days.
Crypto property from collapsed tasks comparable to FTX and Terraform Labs (FTT, USTC, LUNA, LUNC) have defied expectations with explosive worth will increase. This “zombie token military” continues its march, with FTX’s token FTT main the way in which, surging 13% immediately to commerce at $2.41.
FTT retest is the very best within the 12 months
Over the previous seven days, FTT has nearly doubled in worth, rising from a low of $1.36 to a excessive of $2.7205. This is without doubt one of the highest costs the FTX token has reached this 12 months.
FTT's rise was fueled by social media rumors suggesting that the FTX Chapter Basis will start distributing redemption funds to collectors and prospects as early as September thirtieth.
Nevertheless, a proper Chapter 11 submitting signifies that the chapter plan has not been accepted. A courtroom listening to is scheduled for October seventh.
USTC, LUNA, LUNC are additionally pumping enthusiastically
Along with the FTX token, Terraform Labs' crypto property have additionally seen important positive aspects over the previous week.
Terra Traditional (LUNC) is up 5% immediately and is presently buying and selling at $0.00009886. This development marks a resurgence for LUNC after the current sell-off that noticed its worth drop to $0.000090. It initially rose 31% from $0.00008306 on September twenty third to $0.0001091 on September thirtieth.
Equally, its counterpart Terra (LUNA) has additionally skilled a comparable worth improve over the previous seven days. LUNA rose from $0.3785 to $0.5048 final week, reaching a 33% acquire.
Equally, the USTC token, which was initially designed as a stablecoin however has since transitioned right into a extra risky cryptocurrency, has additionally joined within the current worth surge. USTC is presently buying and selling at $0.0244, with a 30-day worth improve of over 55%.
Notably, USTC, LUNA, and LUNC have all surged since final week, with Bitcoin reaching $66,000 as total market sentiment turned bullish. Regardless of Monday's correction, bullish momentum is returning.
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