Solana

Wednesday

Gary

Coin

<ul class="news-points"> 
 <li>Santiment report shows FTT outperformed several altcoins despite a crypto market slowdown.&nbsp;</li> 
 <li>The data tracker report showed the token added over 184% gain to its value over the past week.&nbsp;</li> 
 <li>The sudden rise came after the SEC gave the green light for a potential FTX relaunch.</li> 
</ul> 
Crypto data tracker Santiment, in a Wednesday <a href="https://twitter.com/santimentfeed/status/1724711043195363579" target="_blank" rel="nofollow">post</a> on X, listed FTT as one of the altcoins to have added significant gains to their value despite a prevailing slowdown in the market.&nbsp; 
Indeed, Santiment noted in the post that FTT has added over an 184% increase in its value in the past week. The performance of the token far outpaces that of other altcoins like Solana and Avalanche, which also saw significant price gains.&nbsp; 
The unexpected rise of FTT came after the U.S. Securities and Exchange Commission Chairman Gary Gensler said FTX could restart as a <a href="https://coinedition.com/what-is-a-cryptocurrency-exchange-how-does-it-work/">crypto exchange</a>. In response, crypto traders flocked to the token, which served primarily as the native token of the exchange.&nbsp; 
However, it bears mentioning that the new FTX management has reiterated that FTT no longer has a utility. Moreover, the bankruptcy committee plans to liquidate the token to settle claims, which made the surge mo…
The post <a href="https://coinedition.com/ftt-outperforms-major-altcoins-despite-market-slowdown-santiment/">FTT Outperforms Major Altcoins Despite Market Slowdown: Santiment</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FTT Outperforms Major Altcoins Despite Market Slowdown: Santiment

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