The defunct FTX exchange’s native token decoupled from prevailing market bearishness after a swift surge in the past few hours. FTT’s price gained approximately 60% within minutes as it climbed to $1.2032 intraday peak. The remarkable uptick followed a simple two-letter post from the company’s controversial founder, Sam Bankman-Fried. The post read “gm,” which is a popular slang for “good morning” in the cryptocurrency market. SBF @SBF_FTX · Follow gm 2:37 AM · Sep 24, 2025 0 Reply Copy link Read more on Twitter The post ignited theories among cryptocurrency enthusiasts on X. Some interpreted the post as a sign that SBF might become active on social media. Others speculated about new developments surrounding the exchange’s bankruptcy proceedings. Whether optimism, speculation, or nostalgia propelled FTT’s prices, one thing remained clear: the crypto market noticed SBF’s post. Community response Sam Bankman-Fried’s tweet stirred mixed emotions, with nearly 4 million views on X. Some users cheered and welcomed SBF to join public conversations. Meanwhile, some questioned whether he recalls the disaster caused by FTX’s late 2022 debacle, which even saw suicide cases. “Hey, man! Remember when you stole everyone’s money and then a bunch of people killed themselves? A friend posting on behalf of SBF The X account clarified that the post didn’t come directly from Sam Bankman-Fried. SBF remains in prison at FCI Terminal Island. His friend manages the social media activities, sharing words likely from monitored conversations, according to the bio. Around 2 hours after the “gm” post, the account clarified : No. SBF is not posting himself from prison. I am a friend posting on his behalf. FTX updates: the bigger picture SBF’s X account has been inactive for months. The latest tweet comes as the exchange continues to repay its creditors as part of its restructuring program. The firm plans to distribute over $1.6 billion next week on 30th September. ᴛʀᴀᴄᴇʀ @DeFiTracer · Follow 💥 BREAKING:FTX WILL INJECT $1.6 BILLION INTO CRYPTO MARKET ON SEPTEMBER 30.GIGA PUMP IS COMING! 🔥 10:16 AM · Sep 23, 2025 917 Reply Copy link Read 90 replies Meanwhile, there are speculations about FTX possibly relaunching under new leadership. Nonetheless, there’s no official announcement linking SBF to this process. FTT price outlook FTX’s native token maintained a bullish structure today, decoupling from broader dips. It trades at $0.9704 after correcting from a $1.2032 high. FTT experiences a staggering 430% uptick in 24-hour trading volume. Chart by Coinmarketcap That indicates intensified activity, likely from traders looking to capitalize on the prevailing volatility. Nonetheless, the impressive rally reflects cryptocurrencies’ speculative nature. Enhanced sentiments and social media conversation are fueling FTT’s current upside. Without fundamental developments to back the surge, the alt remains susceptible to sharp dips after the excitement fades. FTT is seeing a significant pullback and requires intense buying activity and broader market support to avoid erasing its latest “X-driven” gains. Notably, the alt has lacked use cases since FTX collapsed, primarily reacting to developments associated with the exchange’s insolvency proceedings. The post FTX Token (FTT) skyrockets 60% as SBF’s X account breaks silence with 'GM' post appeared first on Invezz
