{"id":11604,"date":"2025-09-26T09:49:01","date_gmt":"2025-09-26T09:49:01","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=11604"},"modified":"2025-09-26T09:49:08","modified_gmt":"2025-09-26T09:49:08","slug":"ftt-surges-30-after-surprise-gm-post-from-sbfs-x-account","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/09\/26\/ftt-surges-30-after-surprise-gm-post-from-sbfs-x-account\/","title":{"rendered":"FTT Surges 30% After Surprise \u201cgm\u201d Post From SBF\u2019s X Account"},"content":{"rendered":"\n<p>FTT, the native token tied to the collapsed FTX exchange, staged a sharp rally after an unexpected post appeared on <strong>Sam Bankman-Fried\u2019s X account<\/strong>. The single-word message, \u201cgm,\u201d was enough to spark a wave of speculative trading that briefly sent the token up more than 30%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Social Signal Sparks Frenzy<\/h3>\n\n\n\n<p>On September 23\u201324, FTT jumped to an intraday high near <strong>$1.20<\/strong>, before cooling to about <strong>$0.97<\/strong> as profit-taking kicked in. Despite the pullback, the token remains up <strong>22% on the day<\/strong>, <strong>20% on the week<\/strong>, and nearly <strong>8% over the past month<\/strong>.<\/p>\n\n\n\n<p>The sudden surge was fueled by heavy activity across spot and derivatives markets. According to Coinglass:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot trading volume<\/strong> rose 281% to <strong>$49.6 million<\/strong> in 24 hours.<\/li>\n\n\n\n<li><strong>Derivatives open interest<\/strong> climbed 38% to <strong>$3.3 million<\/strong>.<\/li>\n\n\n\n<li><strong>Derivatives volume<\/strong> spiked 1,353% to <strong>$30.3 million<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>The jump underscores how quickly leveraged speculation can amplify volatility.<\/p>\n\n\n\n<p>The catalyst? A simple \u201cgm\u201d tweet from SBF\u2019s account the first notable activity in months. A friend later clarified they had made the post, not Bankman-Fried himself. Still, the message was enough to trigger a buying frenzy, echoing past instances where SBF-related activity spurred sharp market reactions.<\/p>\n\n\n\n<p>Community responses ranged from jokes about \u201cpumping from prison\u201d to outright skepticism, given FTT\u2019s limited utility since FTX\u2019s collapse.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Technical Picture: Short-Term Strength, Long-Term Caution<\/h3>\n\n\n\n<p>On the charts, FTT showed short-term momentum but remains in a broader downtrend.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The price briefly rose above the <strong>upper Bollinger Band ($1.05)<\/strong> before retreating.<\/li>\n\n\n\n<li>The <strong>RSI cooled to 54.7<\/strong>, moving back into neutral territory.<\/li>\n\n\n\n<li>Short-term EMAs (10, 20, 50-day) are all below the current price, suggesting bullish support.<\/li>\n\n\n\n<li>The <strong>100-day EMA sits at $0.92<\/strong>, offering additional support.<\/li>\n\n\n\n<li>Longer-term trend remains bearish with the <strong>200-day EMA at $1.10<\/strong> above current levels.<\/li>\n<\/ul>\n\n\n\n<p>Momentum indicators are mixed: the momentum oscillator and commodity channel index flash bearish, signaling short-term exhaustion, while the MACD still shows a buy signal.<\/p>\n\n\n\n<p><strong>Key levels to watch:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Resistance: <strong>$1.05\u2013$1.20<\/strong><\/li>\n\n\n\n<li>Support: <strong>$0.90, $0.80<\/strong>, with deeper correction risk toward <strong>$0.70<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Bottom Line<\/h3>\n\n\n\n<p>FTT\u2019s latest spike shows how sentiment not fundamentals continues to drive its price. A simple post from Sam Bankman-Fried\u2019s account was enough to ignite speculation and trading frenzy, even as the token remains <strong>99% below its all-time high of $84.19<\/strong>.<\/p>\n\n\n\n<p>For traders, the move is a reminder of FTT\u2019s volatility: quick gains are possible, but so are sharp reversals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTT, the native token tied to the collapsed FTX exchange, staged a sharp rally after an unexpected post appeared on Sam Bankman-Fried\u2019s X account. The single-word message, \u201cgm,\u201d was enough to spark a wave of speculative trading that briefly sent the token up more than 30%. Social Signal Sparks Frenzy On September 23\u201324, FTT jumped&#8230;<\/p>\n","protected":false},"author":3,"featured_media":11605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[1727,234,121],"class_list":["post-11604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-ftt","tag-price","tag-trade"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FTT Surges 30% After Surprise \u201cgm\u201d Post From SBF\u2019s X Account - Crypto News<\/title>\n<meta name=\"description\" content=\"FTT price jumped over 30% after a surprise \u201cgm\u201d post from Sam Bankman-Fried\u2019s X account triggered heavy speculation. 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