FTT 24-hour volatility hits 52.9%: Contract deployer unlocks supply, triggering speculative rebound and subsequent pullback
Bitget Pulse2026/05/05 23:35Volatility Brief
In the past 24 hours, the price of FTT rebounded from a low of $0.2885–0.2901 to a high of $0.4192–0.441, currently quoted at $0.355–0.3596, with a fluctuation range of 52.9% and a 24-hour gain of approximately 22–23%. Trading volume significantly expanded to $17.79–21.47 million, a 381–389% increase from the previous period, indicating heightened market activity.
Analysis of the Cause of the Anomaly
- The FTX Token contract deployer transferred the entire locked FTT supply into circulation (on-chain transaction hash: 0x87fa620c0302047bee0713f1c128dfa59d7fc4a3466f876be18fda3a3f19bf2c), increasing circulating supply, which directly triggered short-term speculative trading and price volatility.
Market View and Outlook
The community sentiment is generally optimistic, with CoinMarketCap polls showing 66% bullish sentiment. The discussion focus is on a potential move towards $0.50 after re-testing the $0.33 support. However, the mainstream view emphasizes that FTT has no real utility amid FTX’s bankruptcy liquidation and may face further auction pressure and high volatility risk, so caution is advised.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring and is for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung and TSMC Reverse Attitude Towards $400 Million Lithography Machine: All Three Chip Giants Embrace ASML's Most Advanced High NA EUV
ASML.US has secured usage commitments from leading chip manufacturers to adopt its latest semiconductor production equipment, while also moving towards a broader cooperation agreement.

Forex Today: Japanese Yen extends rally, Oil prices climb higher
Solana Price Today Holds $102.93 as Hourly Momentum Turns Bearish

AfD’s record 43.8% win puts its Bitcoin policy back in Germany’s spotlight