FTX Token (FTT) has gained 2.8% trading above $1.24 amidst news of $5 billion distributions.
FTX Token's recent price action includes a 32% surge in the past month, with fluctuations from lows of $1.12 to $1.24 in the last 24 hours.
Anticipation of the $5 billion distributions by FTX bankruptcy estate has generated market activity, with potential positive implications for FTT price movement.
Broader market sentiment and the impact of creditor repayments are key factors driving speculation around FTX Token's future performance.