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After the news broke out that the bankrupt <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">cryptocurrency trading</a> platform <a href="https://finbold.com/topic/ftx/" rel="noopener noreferrer nofollow">FTX</a> had recovered more than $7.3 billion in cash and liquid <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> assets and its attorney hinted that the <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow">crypto exchange</a> could reopen at some point in the future, the FTX Token (<a href="https://finbold.com/cryptocurrency/ftx/" rel="noopener noreferrer nofollow">FTT</a>) has experienced a significant increase in on-chain activity.Indeed, the on-chain activity of the collapsed company’s native token skyrocketed after its price more than doubled, and rumors exploded of the FTX’s possible return upon the lawyers’ statements, according to the data <a href="https://twitter.com/santimentfeed/status/1646659429381832704" rel="noopener noreferrer nofollow">shared</a> by <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">crypto market</a> intelligence platform <a href="https://finbold.com/guide/best-crypto-data-websites/#Santiment" rel="noopener noreferrer nofollow">Santiment</a> on April 14.As Santiment’s chart demonstrates, FTT has seen 879 new addresses created over the previous two days, which is the largest amount since the collapse of FTX in November 2022, as well as recording a significant increase in trading volumes and a price hike on April 13 that saw it climb from $1.32 to $2.63 in a matter of hours.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f38d4aec9e734d03956a645a1044c4f0.jpg" />FTX Token’s on-chain activity. Source: <a href="https://twitter.com/santimentfeed/status/1646659429381832704" rel="noopener noreferrer nofollow">Santiment</a><h2 id="header-0">FTT price analysis</h2>That said, its trading volume and price seem to have failed to retain momentum, having declined since. As it happens, the FTX Token was at press time changing hands at the price of $2.02, down 14.06% on the day. As for its trading volume, it has dropped from 460 million FTT to the current 136 million FTT.However, the FTX Token’s previous rally still managed to push its price to rise by 58.37% in the last seven days, adding up to the 68.03% gain across the previous month, as well as 130% since the year’s turn, according to the latest data retrieved on April 14.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/734768924d5944459d957897a68e95f4.png" />FTX Token 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/ftx/" rel="noopener noreferrer nofollow">Finbold</a>Elsewhere, FTX’s attorneys from Sullivan &amp; Cromwell <a href="https://www.reuters.com/technology/bankrupt-crypto-exchange-ftx-has-recovered-73-bln-assets-attorney-2023-04-12/" rel="noopener noreferrer nofollow">told</a> the bankruptcy court in Delaware that they had recovered $7.3 billion in liquid assets from the defunct exchange whose founder and former CEO, Sam Bankman-Fried, is currently <a href="https://finbold.com/ftxs-sam-bankman-fried-arrest-update-what-you-need-to-know/" rel="noopener noreferrer nofollow">in jail</a>, awaiting trial on multiple charges that carry <a href="https://www.businessinsider.com/criminal-charges-against-sam-bankman-fried-can-carry-jail-time-2022-12" rel="noopener noreferrer nofollow">maximum penalties totaling over 100 years</a>.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

FTT token’s on-chain activity skyrockets amid FTX revival rumors

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