According to BlockBeats, on July 2, the FTX token FTT experienced a short-term surge of 27% on the HTX exchange, briefly breaking above $0.3 before settling at $0.263.


The price spike is attributed to market speculation surrounding the upcoming 250th anniversary of U.S. Independence, which may include a presidential pardon for 250 federal prisoners. Among those rumored to be pardoned is FTX founder Sam Bankman-Fried (SBF), currently serving a prison sentence. The possibility of early release has reignited interest in FTT, which is closely tied to SBF's legal fate and the FTX bankruptcy estate.

As a native token of the defunct FTX exchange, FTT's price remains highly sensitive to SBF-related news and liquidation updates. Traders should be cautious of short-term volatility driven by speculative narratives.


