FTT Price Skyrockets as Sam Bankman-Fried’s X Account Suddenly Reactivates
The crypto community was taken aback on Tuesday night when Sam Bankman-Fried's confirmed X (Twitter) account quickly shared the brief...
Quick overview
- Sam Bankman-Fried's X (Twitter) account posted 'gm,' causing controversy as he is imprisoned for 25 years.
- The post was clarified to be made by a friend, leading to a 32% surge in FTX's native token, FTT.
- The tweet coincided with ongoing legal actions involving FTX and its creditors, highlighting the emotional impact of SBF's actions on the crypto market.
- Despite his imprisonment, SBF's online presence continues to influence the cryptocurrency community.
The crypto community was taken aback on Tuesday night when Sam Bankman-Fried’s confirmed X (Twitter) account quickly shared the brief message “gm,” which is abbreviation for “good morning.” The post caused controversy because SBF, the creator of the bankrupt exchange FTX, was imprisoned in a U.S. federal institution for 25 years.
Typically, social media and the internet are not directly accessible to federal prisoners. They can only communicate with authorized contacts via the secure TRULINCS system, which enables monitored text-only communication. As a result, many members of the crypto community questioned how SBF was able to post on his account.
The account later clarified that a friend, not SBF, was posting on his behalf, solving the mystery. However, the unexpected action was sufficient to spark speculation and significant market movements.
FTT price surges 30% following “gm” tweet from Sam Bankman-Fried’s account$FTT jumped after an SBF “gm” post, sparking heavy volume and a volatile short squeeze that pushed the token up sharply before a partial pullback.
— crypto.news (@cryptodotnews) September 24, 2025
The Tweet Causes the FTT Token to Rise
FTX’s native token, FTT, surged 32% in value to about $1.10 within hours after the “gm” article. Additionally, CoinGecko reports that the daily trading volume skyrocketed, increasing from roughly $10.4 million to almost $59 million.
JUST IN: FTX's $FTT token just skyrocketed 60% in 12 minutes after Sam Bankman-Fried (@SBF_FTX) said "GM" pic.twitter.com/PKkcR0DKn9
— BlockNews (@blocknewsdotcom) September 24, 2025
The fact that FTT continues to move on Bankman-Fried-related news is unexpected. The token became useless once FTX went bankrupt in November 2022. FTT was formerly used as security on the exchange and to decrease trading fees, but it is now only utilized as a speculative asset.
However, traders still respond strongly to news stories, showing the emotional weight that FTX still has in the cryptocurrency markets.
Ongoing Court Cases
The tweet was sent the same day that the FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets. According to the estate, Genesis was unfairly compensated prior to FTX’s demise, and they are attempting to recoup $1.1 billion.
In the meantime, FTX creditors are preparing for another payment. In its third significant payout, the estate anticipates releasing $1.6 billion by September 30. This announcement has been welcomed by many previous customers who have been waiting years to get their money back.
Bankman-Fried, who was found guilty on seven charges of fraud and conspiracy for allegedly embezzling billions of dollars from clients, is still in prison. He is currently serving his sentence in FCI Terminal Island in Los Angeles, where he was moved early this year.
The Human Aspect of Social Media at SBF
SBF’s account had previously taken people aback. His opinions on government bureaucracy, employment stress, and layoffs were frequently discussed in lengthy threads he wrote prior to going to prison. He also thanked Tucker Carlson, a former Fox News host for doing an interview in prison earlier this year. Even if he is currently locked away his online presence whether it is controlled by pals or him indirectly continues to startle the cryptocurrency world.
A Sign of Crypto’s Odd Connections
The “gm” post had a big impact despite being straightforward. It emphasizes how closely crypto coins are still associated with people, even scandalized ones. For traders, it was a chance for rapid profits, but for many, it served as a reminder of the FTX catastrophe. The fact that Sam Bankman-Fried’s influence on the cryptocurrency world isn’t going away anytime soon is evident from a two-letter tweet.
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