FTX Token's Wild Ride: SBF's 'gm' Sparks Frenzy, Account Activity Under Scrutiny

SBF's cryptic tweet sends FTX Token soaring, highlighting speculative trading and ongoing legal battles. Is it hype or hope for FTT's future?

The FTX Token (FTT) is back in the spotlight, and as usual, it's a wild ride. A simple two-letter tweet from none other than Sam Bankman-Fried himself sent the token's price skyrocketing, reminding everyone that in the crypto world, even the smallest spark can ignite a frenzy.

SBF's Cryptic 'gm' Ignites FTT Surge

On September 24, 2025, SBF's X account posted "gm," shorthand for "good morning." The tweet, which garnered nearly 4 million views, triggered a 60% price surge in FTT, pushing it to an intraday peak of $1.21. Talk about a powerful tweet! While SBF is behind bars, a friend clarified that they were sharing his words on his behalf.

This surge underscores the highly speculative nature of the crypto market, where social media cues can rapidly drive price swings, especially for tokens with limited real-world use.

Account Activity and the Genesis Lawsuit

Adding fuel to the fire, the FTT price jump coincided with the FTX Recovery Trust's $1.15 billion lawsuit against Genesis Digital Assets. The lawsuit seeks to reclaim funds allegedly misappropriated by Genesis in connection with FTX's operations in 2021 and 2022. Some traders interpreted SBF’s post as signaling potential updates in bankruptcy settlements.

This legal action is closely monitored by hedge funds and institutional investors, who may adjust their positions in anticipation of asset recoveries. It's a reminder that FTX's collapse continues to reverberate through the crypto industry.

FTT's Future: Hype or Hope?

Despite the recent surge, FTT's long-term viability remains questionable. The token no longer serves a functional role and may face liquidation to settle creditor claims in FTX's bankruptcy proceedings. Currently trading around $0.97, FTT is a far cry from its all-time high of $85.

Technical analysis suggests that FTT may enter a period of consolidation, with price action likely confined between $1.01 and $1.03. This could provide a more stable environment for traders to reassess their positions, but it also dampens the potential for another explosive rally in the near term.

Final Thoughts

The recent events surrounding FTX Token and Sam Bankman-Fried highlight the volatile and often unpredictable nature of the crypto market. While the price surge may have provided a temporary boost for some investors, the long-term outlook for FTT remains uncertain. It's a classic case of