A simple "gm" from SBF makes the FTT token jump 24%

Can Sam Bankman-Fried still be saved? Not his reputation, but his future. In prison, the ex-crypto billionaire is biting his nails while his former empire has become a wasteland. Yet, strange enough: a ray of light emerges from the mud. The FTT token – orphaned token of FTX – briefly came back to life following an unexpected post on X. Like a heartbeat in a frozen body.

“Gm” from SBF: two letters, a crypto shake-up

On September 23, 2025, at dawn, a simple “gm” emerged from SBF’s X account, 33 years old and still in prison. Immediate result : the FTT token soared to $1.23, before dropping back to $0.98. The community lit up. Yet, SBF remains incarcerated.

On-chain investigator ZachXBT protests: “he doesn’t even deserve human rights” after what he did. The reaction reveals how fresh the FTX wound still is.

Very quickly, a tweet clarified: the message was not posted by SBF himself, but by a friend. Speculation, however, paid little attention. The market had already reacted. This isn’t the first time this has happened: in February, a similar post had already boosted FTT.

Every time SBF appears, the collective imagination ignites. A mixture of fascination, anger, and traumatic memory: FTX’s past still haunts platforms.

No, SBF does not post from prison. It’s a friend writing for him.

Trading FTT, or how to exorcise the FTX trauma?

While some have taken the post lightly, others saw it as a grating repeat of an old scenario. Arthur Hayes, ex-co-founder of BitMEX, says: “Wen memecoin?” as if to say yet another drama for speculation. The irony is palpable, the underlying tension.

FTT is a zombie token: no more functionality, no real utility. Yet, it lives on in market reflexes. The proof? The token’s “social dominance” climbed to 0.75%, one of its peaks this year. A signal enough to trigger a rush on orders.

In crypto imagination, some symbols still work. “Gm” is a totem. When it comes from the account of a fallen giant, it strikes a sensitive chord. You don’t buy FTT for its future, but to remember what crypto was before the winter.

And sometimes, for the most playful, you buy just to see the beast move once more.

FTT: crazy numbers for an empty asset

FTT no longer has use cases, but remains a speculative toy. On September 23, spot volume rose 281%, reaching $49.6M. Derivatives volume exploded by 1,353%, peaking at $30.3M. Open interest increased by 38%, reaching $3.3M. Deposits doubled, and active addresses quadrupled, reaching 201, according to The Tie.

Technical indicators tell another story: a sharp peak, a retreat just as fast. RSI at 54, widened Bollinger bands, MACD still bullish. Dead cat bounce is already being mentioned: a bullish illusion in a dying asset.

Key figures of the FTT rebound:

• +281% spot volume in 24h;
• +1,353% on derivatives;
• 201 active addresses vs. 56 average;
• Resistance tested at $1.20, support at $0.90;
• Social dominance at 0.75%, record level.

One tweet. Crazy numbers. And yet, no announcement, no fundamentals. Just an echo. That of a fallen empire… but not forgotten.

While FTT pulses in an artificial surge, SBF’s fate plays out elsewhere. His lawyers are refining an appeal defense for November. More discreetly, his parents multiply contacts to obtain a presidential pardon. The case is circulating, arguments are being built. Will he ever get out? The crypto market has already rehabilitated him for a moment. But justice is not moved by two letters posted at dawn.