The on-chain activity of FTX Token (FTT) has surged after rumors of the collapsed crypto trading platform FTX's possible return upon its attorney's statements that it had recovered more than $7.3 billion in cash and liquid crypto assets. According to crypto market intelligence platform Santiment, 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 a significant increase in trading volumes and a price hike on April 13. However, its trading volume and price have since declined, with FTT changing hands at the price of $2.02, down 14.06% on the day, and a drop in trading volume from 460 million FTT to the current 136 million FTT. Nonetheless, FTT's previous rally still managed to push its price to rise by 58.37% in the last seven days and 130% since the year's turn.

(By Ana Nicenko)