On September 24, 2025, the cryptocurrency market witnessed an extraordinary event when Sam Bankman-Fried's verified X account posted a simple "gm" (good morning) message, triggering massive volatility in FTT token despite SBF's ongoing incarceration. The cryptic greeting, posted Tuesday evening, immediately sparked intense speculation across crypto communities given the well-documented federal restrictions on inmate internet access. Within hours of the mysterious post, FTT skyrocketed 32% as traders scrambled to interpret the significance of the message from the imprisoned FTX founder. Trading volume exploded from approximately $10.4 million to $59 million, indicating massive market participation in the unexpected development. The event highlights the continued sensitivity of cryptocurrency markets to any signals related to FTX, even years after the exchange's collapse. Market analysts noted that the timing is particularly intriguing given the ongoing liquidation proceedings by the FTX estate, which continues to manage the complex unwinding of the exchange's assets. The incident demonstrates how deeply SBF's influence remains embedded in crypto market psychology, with even a seemingly innocuous two-letter message capable of moving markets significantly. Regulatory experts immediately questioned the authenticity of the post and whether it represented any violation of SBF's incarceration terms, while traders debated whether the message signaled potential developments in the FTX saga or was merely a compromised account. The volatility underscores the fragile nature of token valuations tied to troubled exchanges and the market's ongoing fascination with the FTX narrative, which continues to captivate the crypto space nearly three years after the exchange's dramatic collapse.
Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring
Sam Bankman-Fried’s verified X account posted a cryptic "gm" message Tuesday evening, sparking speculation and volatility in the FTT token. The greeting, typically benign in crypto circles, gained significance given SBF’s incarceration and federal restrictions on inmate internet access. FTT surged 32% within hours, with trading volume exploding from $10.4 million to $59 million.
The FTX estate continues its liquidation process, filing a $1.1 billion lawsuit against Genesis Digital while preparing a $1.6 billion creditor distribution by September 30. Once central to FTX’s ecosystem, the now-orphaned FTT token remains a magnet for speculative trading despite its defunct utility.
