FTX Token Price Skyrockets: $4 Surge Coming?

As of early May 2025, FTX Token (FTT) is trading around $1.15, reflecting a 19.71% surge since yesterday and a 2.18% uptick in the past hour. With a 24-hour trading volume of $54 million and a circulating supply of over 328 million tokens, FTT shows signs of renewed interest amid broader market uncertainty. This momentum has sparked fresh discussions around FTX price prediction, with many traders watching closely for potential breakout signals.

The 50-day Simple Moving Average (SMA) at $1.03 suggests short-term bullish momentum, while the 200-day SMA at $1.96 highlights that FTT is still trading below long-term recovery levels. Analysts and traders on X remain cautiously optimistic. One post by @WHALES_CRYPTOzz suggests a potential breakout from a falling wedge pattern could push FTT to $4.30. Similarly, @ayewaken forecasted a possible $4 target in May, indicating strong bullish sentiment from retail traders.

FTT’s price behavior remains closely linked to developments in FTX’s bankruptcy proceedings. A major repayment round is scheduled for May 30, 2025, following earlier distributions in February and April. Initial payouts triggered a 15% weekly rally in February and a 30% spike after Sam Bankman-Fried broke his X silence. While smaller payouts had limited market impact, upcoming large-scale distributions—especially for claims over $50,000—could increase crypto liquidity, indirectly benefiting FTT.

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Additionally, FTX’s legal actions against NFT Star and Delysium to recover SAFT-related assets may improve creditor confidence and support FTT’s valuation.

However, headwinds remain. Broader market weakness in Q1, highlighted by Coinbase’s 33% stock decline and Bitcoin’s worst weekly drop since 2022, underlines systemic risks. Still, FTT’s resilience—bolstered by repayment-driven sentiment—could offer high-risk, high-reward potential.

For mid-term holders and experienced traders, FTT remains speculative but intriguing, especially if the $1.15 level consolidates into a breakout.