FTT surges over 18% in 24 hours after a “gm” from SBF’s account

You are currently viewing FTT surges over 18% in 24 hours after a “gm” from SBF’s account

The FTT token recorded a rise of over 18% in the last 24 hours following a terse “gm” posted on Tuesday, September 23, 2025, in the evening (Italian time), by the X account associated with Sam Bankman-Fried. According to data from CoinGecko and the values reported on CoinMarketCap, the market reaction occurred despite a context of high volatility and limited liquidity on the asset.

According to the data collected by our editorial team, analyzing the order books on the main exchanges, the peak volumes were concentrated in the first 6 hours following the post, with bid-ask spreads temporarily widening on the less deep order books. Industry analysts contacted observe that, in the absence of significant limit orders, algorithmic market-making in the crypto sector tools and sentiment monitoring bots can amplify movements even on relatively low volumes.

Essential Timeline: Post, Reply, and Rally

  • Shortly after, a subsequent message clarifies: “No, SBF is not posting himself from prison” and “I’m a friend posting on his behalf,” thus explicitly clarifying the origin of the post.
  • In the following 24 hours, the FTT token marks an increase of over 18%

FTTUSDT rate by TradingView

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Market Data: Price and Timing

The movement was rapid and concentrated in the hours immediately following the post, in line with a flow of speculative orders on an asset with limited liquidity. The official chart from CoinGecko provides a clear representation of the price-only data, highlighting how a momentum impulse, along with algorithmic activity, can translate into strong price movements.

Who posts from the account: what we know

The phrase “a friend posting on his behalf” has further fueled speculations. It should be noted that the Bureau of Prisons, as confirmed by the BOP, prohibits federal inmates from direct access to the Internet; however, external accounts can be managed through third parties, making direct intervention from inside the prison unlikely.

The Legal Context of SBF

Sam Bankman-Fried was found guilty in November 2023 and, according to the US Department of Justice, the 25-year sentence was pronounced on March 28, 2024, with an order of forfeiture of approximately 11 billion dollars. As of September 2025, the appeal is still pending, with developments monitored by major news outlets and court records.

Why a “gm” can move the price of FTT

In markets characterized by low capitalization or reduced order book depth, even small triggers can activate chains of orders. A simple message associated with an iconic figure in the sector – even if managed by third parties – can reignite recovery expectations, speculations on future liquidity, or reflections related to the legal situation, thus driving impulsive purchases. In this context, algorithms that monitor sentiment and keywords can amplify such movements, in the absence of solid selling resistance.

Implications: market, narrative, and risks

The case highlights how social signals can significantly impact prices in shallow markets. The combination of narrative, low float, and automated monitoring creates fertile ground for sudden rallies and equally rapid corrections, raising questions about the transparency of third-party managed accounts and the impact that informal communications can have on retail investors. That said, the dynamic remains closely tied to the quality of available liquidity.

Key Elements to Monitor

  • Any additional posts or clarifications from the X account linked to SBF.
  • The depth and liquidity of FTT order books on major exchanges (monitor order book pages on exchanges like Binance and Kraken for significant changes).
  • Any communications from the liquidators of FTX or relevant legal developments.
  • The persistence of volumes, to understand whether it is a momentary impulse or a regime change.