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

The former FTX CEO Sam Bankman-Fried (SBF) re-entered public attention after months of silence when his verified X account posted “gm,” a crypto community shorthand for “good morning,” on September 23, 2025. The post, despite being clarified as originating from a friend rather than SBF himself, triggered a sharp 60% surge in the price of FTX’s native token, FTT, which briefly peaked at $1.2032 before retreating to $0.9704 FTX Token (FTT) skyrockets 60% as SBF’s X account breaks silence with “gm” post^[1]. The token’s 24-hour trading volume surged by 430%, reflecting heightened speculative activity as traders capitalized on the volatility FTT Price Skyrockets as Sam Bankman-Fried’s X Account Suddenly Reactivates^[2].

The post ignited mixed reactions within the crypto community. While some users celebrated SBF’s return to social media, others criticized him for the 2022 collapse of FTX, which left thousands of investors with losses and contributed to at least two suicides. A follow-up clarification from the X account emphasized that SBF, currently incarcerated at FCI Terminal Island, did not post directly but that a friend shared messages likely from monitored conversations FTX Token (FTT) skyrockets 60% as SBF’s X account breaks silence with “gm” post^[1]. This ambiguity fueled speculation about SBF’s potential influence on ongoing bankruptcy proceedings or a possible relaunch of FTX, though no official announcements have linked him to such efforts FTT Price Skyrockets as Sam Bankman-Fried’s X Account Suddenly Reactivates^[2].

The FTX Recovery Trust, overseeing the exchange’s restructuring, is set to distribute $1.6 billion to creditors on September 30, marking its third major payout since the 2022 collapse. This distribution, combined with ongoing legal actions—such as a $1.1 billion lawsuit against Genesis Digital Assets—highlights the estate’s efforts to repay victims Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring^[7]. Despite these developments, FTT remains 99% below its 2021 peak of $84.18, with its value primarily driven by market sentiment rather than fundamental utility FTX FTT Token Rallies 50% Following Strange Activity from SBF X Account^[6]. Analysts note that the token’s price movements are increasingly tied to social media activity and speculative trading, with limited long-term support from on-chain use cases FTT Token Rally: SBF's 'gm' Post Sparks 25% Surge^[3].

Technical indicators suggest FTT’s recent rally may be fragile. The token’s price briefly exceeded the $1.20 level but retreated, with the 200-day EMA at $1.10 acting as a key resistance. While short-term momentum indicators like the MACD signal bullishness, longer-term trends remain bearish. Traders are closely watching support levels at $0.90 and $0.80, with a potential test of $0.70 if leveraged positions unwind FTT Price Soars 30% After SBF’s Cryptic Social Media Post^[4]. The surge in derivatives volume—spiking 1,353% to $30.3 million—further underscores the risks of over-leveraged bets FTT Price Soars 30% After SBF’s Cryptic Social Media Post^[4].

The incident underscores the crypto market’s susceptibility to social media-driven volatility. SBF’s post, though brief, demonstrated his enduring influence despite his legal and personal setbacks. However, critics argue that FTT’s lack of utility post-2022 collapse limits its long-term viability. As the FTX estate continues its liquidation process, the token’s future will depend on whether it can attract sustainable demand beyond speculative hype FTX Token (FTT) skyrockets 60% as SBF’s X account breaks silence with “gm” post^[1].