Token FTT shot almost 50% after Tweet from Sam Bankman-Fried from prison
By Hannah Pérez
A simple “GM” from the Bankman-Fried X account was enough to shoot the FTT price almost 50% on Tuesday. Despite the speculative action without foundation, it still maintains a daily gain of more than 20%.
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- The Token FTT shot at the price after a simple message in X from Bankman-Fried.
- “GM,” the account wrote, even when the FTX founder is in prison.
- The gesture was enough to shoot FTT more than 45% and cause fury in the community.
- In a few days, FTX’s assets will distribute USD $ 1.6 billion to creditors.
A simple “GM” published from the X account of Sam Bankman-Fried, the founder of FTX Currently imprisoned, he unleashed a speculative fever in the cryptocurrency market by promoting the price of Token FTT.
The Token FTTwhich was once central in the collapsed ecosystem exchange of cryptocurrency FTX, more than 45% arose in a matter of hours On Tuesday night, reaching a local peak of USD $ 1.21, according to data from Coinmarketcap.
This sudden movement in the price of Token coincided with an unexpected message from Bankman-Fried from the prison and with the imminence of a new payment of USD $ 1.6 billion to the creditors of the platform, scheduled for September 30.
Bankman-Fried, who turns a 25-year sentence in a federal prison in California for defrauding thousands of customers from FTXhe surprised the crypto community with its publication in X, breaking months of silence on social networks.
GM
– SBF (@SBF_FTX) SEPTEMBER 23, 2025
Although a subsequent statement clarified that the message was made by a “friend”In his name due to prison restrictions, the speculators had already done their own, taking advantage of the time to shoot the negotiation volume of FTT 900% to USD $ 87.6 million in 24 hours and boost its price.
The Token FTToriginally designed to offer discounts on trading rates and participation benefits in FTXhas lost its practical utility since the collapse of the exchange in November 2022, an event that marked one of the greatest financial scandals in the history of cryptocurrencies.
However, the publication of Bankman-Fried triggered a wave of activity, with the number of active FTT addresses reaching 201, widely exceeding the monthly average of 56, according to data from data from The tie collected by COINDESK. Also, deposits in Exchange Centralized were doubled and the withdrawals quadrupled compared to the monthly average.
Community reactions: between anger and mockery
The crypto community in X soon react, with a mixture of indignation, skepticism and humor. The chain researcher, Zachxbt, in a publication now eliminated, expressed his contempt, stating that Bankman-Fried “Does not deserve human rights”Due to the damage caused to FTX investors, as he noticed COINDESK. The journalist Laura Shin, on the other hand, joked saying that the tweet was “Very 2021“Even Arthur Hayes, co -founder of Bitmexjoined the sarcasm with a comment asking “When Memecoin?”referring to the speculative character and lacking the rebound of Token.
A speculative vu for ftt
It is not the first time that a Bankman-Fried message on social networks moves the market. In February 2024, a similar publication from his account, while he was detained at the Metropolitan Center in Brooklyn, caused a comparable increase in the price of FTT. At that time, as now, Token lacked intrinsic value, which highlights the purely psychological nature of these market movements.
Currently, the FTT price has stabilized, but still registers a gain of more than 20% in 24 hours, quoting at USD $ 1, according to the data at the time of the closing of this edition. This represents a 98.82% drop from its historical maximum of USD $ 85 in September 2021, a reminder of the days of glory of FTX Before its collapse.
Upcoming reimbursements for USD $ 1.6 billion
Token’s rebound comes at a key moment for the creditors of FTXwhich are prepared to receive USD $ 1.6 billion in distributions at the end of this month through platforms such as Bitgo, Kraken and Payoneer.
This will be the third great distribution from the bankruptcy of FTXwith a total of USD $ 6.2 billion already reimbursed in previous rounds. The bankruptcy process, which began at the beginning of 2025 and seeks to compensate for the thousands of investors affected by the poor management of Bankman-Fried, remains a hot topic in the industry.
Meanwhile, Bankman-Fried continues to work on the appeal of his conviction, with arguments scheduled for November. His imprisonment, first from Brooklyn to Oklahoma in March 2025 and then to California, has not silenced his ability to influence the market, even if it is indirectly.
Despite the initial enthusiasm, it is most likely that FTT’s rebound is probably a passenger, promoted more by sensationalism than by solid foundations. The Token, devoid of its original function after the bankruptcy of FTXremains a reflection of volatility and speculation that characterize the cryptocurrency market, where Bankman-Fried seems to continue having at least some influence.
Article written with the help of AI, edited by Diariobitcoin
Image generated with AI tool, under free use license
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