SBF's Cryptic Post Sparks FTT Surge Amid Lingering Doubts on Long-Term Viability

After a prolonged period of silence, former FTX CEO Sam Bankman-Fried (SBF) returned to the spotlight when his verified X account posted “gm”—a common crypto greeting meaning “good morning”—on September 23, 2025. Although it was later clarified that the message was sent by a friend and not SBF himself, the post sparked a dramatic 60% jump in FTX’s native token, FTT, which briefly surged to $1.2032 before falling back to $0.9704 FTX Token (FTT) skyrockets 60% as SBF’s X account breaks silence with “gm” post [ 1 ]. Trading volume for FTT soared by 430% within 24 hours, as traders rushed to take advantage of the sudden price swings FTT Price Skyrockets as Sam Bankman-Fried’s X Account Suddenly Reactivates [ 2 ].

The post sparked a range of responses from the crypto community. Some welcomed SBF’s apparent return to social media, while others condemned him for FTX’s 2022 collapse, which resulted in significant investor losses and has been linked to at least two suicides. A subsequent update from the X account clarified that SBF, who is currently incarcerated at FCI Terminal Island, did not make the post himself; instead, a friend shared messages that likely originated from monitored communications FTX Token (FTT) skyrockets 60% as SBF’s X account breaks silence with “gm” post [ 1 ]. This uncertainty fueled speculation about SBF’s possible involvement in FTX’s bankruptcy proceedings or a potential revival of the exchange, though there have been no official statements connecting him to such plans FTT Price Skyrockets as Sam Bankman-Fried’s X Account Suddenly Reactivates [ 2 ].

The FTX Recovery Trust, which is managing the restructuring of the exchange, plans to distribute $1.6 billion to creditors on September 30, marking its third major payout since FTX’s downfall in 2022. This payout, along with ongoing legal actions—including a $1.1 billion lawsuit against Genesis Digital Assets—demonstrates the estate’s ongoing efforts to compensate victims Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring [ 7 ]. Despite these measures, FTT’s price remains 99% below its all-time high of $84.18 reached in 2021, with its current value largely driven by market sentiment rather than any underlying utility FTX FTT Token Rallies 50% Following Strange Activity from SBF X Account [ 6 ]. Experts point out that FTT’s price is increasingly influenced by social media buzz and speculative trading, with little support from real-world use cases FTT Token Rally: SBF's 'gm' Post Sparks 25% Surge [ 3 ].

Technical analysis indicates that FTT’s recent price spike may not be sustainable. The token briefly surpassed $1.20 but then pulled back, with the 200-day EMA at $1.10 serving as significant resistance. While short-term indicators such as the MACD suggest bullish momentum, the broader trend remains negative. Traders are monitoring support levels at $0.90 and $0.80, with a possible drop to $0.70 if leveraged positions are unwound FTT Price Soars 30% After SBF’s Cryptic Social Media Post [ 4 ]. The sharp rise in derivatives trading volume—jumping 1,353% to $30.3 million—highlights the dangers of excessive leverage FTT Price Soars 30% After SBF’s Cryptic Social Media Post [ 4 ].

This episode highlights how vulnerable the crypto market is to volatility triggered by social media. SBF’s brief post showed that he still holds sway over the market, despite his ongoing legal troubles. However, critics argue that FTT’s lack of practical use since FTX’s collapse undermines its long-term prospects. As the FTX estate continues to liquidate assets, the token’s future will depend on whether it can generate lasting demand beyond speculative trading FTX Token (FTT) skyrockets 60% as SBF’s X account breaks silence with “gm” post [ 1 ].