{"id":59992,"date":"2025-09-24T13:54:32","date_gmt":"2025-09-24T13:54:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ftx-token-soars-after-jailed-former-ceo-bankman-frieds-post-on-x\/"},"modified":"2025-09-24T13:54:32","modified_gmt":"2025-09-24T13:54:32","slug":"ftx-token-soars-after-jailed-former-ceo-bankman-frieds-post-on-x","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ftx-token-soars-after-jailed-former-ceo-bankman-frieds-post-on-x\/","title":{"rendered":"FTX Token soars after jailed former CEO Bankman-Fried&#8217;s post on X"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/09\/ftx-token-ftt-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A single \u201cgm\u201d post on X from an account linked to SBF drove a 60% FTT price surge, highlighting the market\u2019s volatility.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">FTX\u2019s $1.6 billion creditor payout looms, potentially impacting FTT\u2019s value as liquidation risks grow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Despite no utility, FTT\u2019s rally reflects lingering investor fascination with FTX\u2019s legacy.<\/span><\/li>\n<\/ul>\n<p>FTX Token (FTT), the native token of the now-defunct FTX exchange, experienced a dramatic 60% price increase within hours early Wednesday.<\/p>\n<p>The token surged after Sam Bankman-Fried\u2019s (SBF) X account put a post.<\/p>\n<p>SBF is the former CEO of FTX currently in jail.<\/p>\n<p>The surge to an intraday peak of $1.21 also came as FTX Recovery Trust sued Genesis Digital for $1.15 billion.<\/p>\n<h2>FTX token soars amid SBF tweet<\/h2>\n<p>FTT price hovered over $1 on Monday and Tuesday, mirroring crypto turbulence this week.<\/p>\n<p>However, it exploded well above the psychological level on Wednesday.<\/p>\n<p>The catalyst for the sharp price movement appears to be a two-letter post \u201cgm,\u201d shorthand for \u201cgood morning\u201d, that Sam Bankman-Fried posted on September 24, 2025.<\/p>\n<p>SBF, jailed for his role in the collapse of FTX, looks to be a massive shadow looming large across the market as his post quickly garnered nearly 4 million views.<\/p>\n<p>The FTT price jumped as a frenzied speculative trend picked up momentum.<\/p>\n<p>Some market participants interpreted it as a signal of potential developments in <a href=\"https:\/\/coinjournal.net\/news\/ftx-token-surges-14-ahead-of-5b-creditor-distribution\/\">FTX\u2019s bankruptcy process<\/a>, while others viewed it as a nostalgic nod to SBF\u2019s influence in the crypto space.<\/p>\n<p>A 60% spike to $1.21 separated FTT from the overall picture of a broader market downturn.<\/p>\n<p>Prices pared gains after the X account posted again a few hours later.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">[No, SBF is not posting himself from prison. I&#8217;m a friend posting on his behalf.]<\/p>\n<p>\u2014 SBF (@SBF_FTX) <a href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1970680835624829184?ref_src=twsrc%5Etfw\">September 24, 2025<\/a><\/p>\n<\/blockquote>\n<p>Despite this, FTT price remained near $1 and was up 19% in the past 24 hours at the time of writing.<\/p>\n<p>Notably, the price surge also came as FTX Trust sued Bitcoin mining firm Genesis Digital over a $1.15\u00a0 billion asset investment that SBF made.<\/p>\n<p data-start=\"0\" data-end=\"353\">In a filing submitted Monday to the US Bankruptcy Court for the District of Delaware, the FTX Recovery Trust launched a complaint against crypto mining firm Genesis Digital Assets (GDA), its affiliates, and two of its co-founders.<\/p>\n<p data-start=\"0\" data-end=\"353\">The action is part of efforts to reclaim $1.15 billion in what it described as \u201ccommingled and misappropriated funds.\u201d<\/p>\n<p data-start=\"355\" data-end=\"516\" data-is-last-node=\"\" data-is-only-node=\"\">The filing alleges that the funds are directly connected to former FTX chief Sam Bankman-Fried\u2019s \u201cfraud on customers and other creditors\u201d during 2021 and 2022.<\/p>\n<h2>What\u2019s the FTT price outlook?<\/h2>\n<p>FTT\u2019s price currently stands at $0.9704, with a 24-hour trading volume of approximately $17.64 million.<\/p>\n<p>The token\u2019s market capitalization is reported at $272.9 million, reflecting a circulating supply of 328.89 million FTT.<\/p>\n<p>The token\u2019s long-term viability remains questionable, as it no longer serves a functional role and may face liquidation to settle creditor claims in FTX\u2019s ongoing bankruptcy proceedings, set to distribute $1.6 billion.<\/p>\n<p>FTT could breach $1.21 again and target $2 amid overall volatile trajectory for altcoins.<\/p>\n<p>But the token\u2019s historical high of $85.02 contrasts starkly with its current levels.<\/p>\n<p>The FTX Token is down 98.8% since its all-time peak, with the bearish outlook tied to its turbulent past.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ftx-token-soars-after-jailed-former-ceo-bankman-frieds-post-on-x\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) A single \u201cgm\u201d post on X from an account linked to SBF drove a 60% FTT price surge, highlighting the market\u2019s volatility. FTX\u2019s $1.6 billion creditor payout looms, potentially impacting FTT\u2019s value as liquidation risks grow. Despite no utility, FTT\u2019s rally [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":59993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59992"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=59992"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/59992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/59993"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=59992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=59992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=59992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}