FTT Surges Over 32% After Sam Bankman-Fried Resumes Tweeting

FTT surged nearly 24–32%, briefly peaking at around $1.20–$1.23, after Sam Bankman-Fried’s X account posted “gm” despite his ongoing incarceration. The post, later clarified as made by a friend, triggered heightened speculative trading, doubling deposits and quadrupling withdrawals on centralized exchanges. Active addresses spiked to 201, well above the monthly average of 56, according to The Tie. The crypto community reacted with skepticism, anger, and humor, with prominent voices such as ZachXBT, Laura Shin, and Arthur Hayes weighing in. The event echoes a similar spike in February 2024 when SBF’s account became briefly active. Meanwhile, the FTX estate is preparing a $1.6 billion payout to creditors, its third major distribution since the exchange’s collapse.