“What”: A simple response by Crypto Influencer Gainzy somewhat completed the emotion when the well -known -recognized Sam Bankman-fried fraud, or SBF, who seems to have been posted on social media after a long hiatus (and despite the incarceration).
To exacerbate things, the token linked to the Defunct Crypto Exchange FTX rose nearly 24% in the last 24 hours, after his X account posted a simple “GM” on Tuesday.
This simple post seems to have been taken as an opportunity by imaginary crypto entrepreneurs to pump the FTT token, which is now worthless to it, almost 50% -60% in minutes, reaching a climax of nearly $ 1.20- $ 1.23. Despite his confinement and clarification that the post was made of a “Friends“On his behalf, the token is still up to 25%, trading around $ 1.014, According to CoinDesk data.
The FTT token also found a sharp increase in activity and trading volume following the post, according to data combined with the tie.
The number of active addresses reached 201, significantly outpacing on the monthly average of 56, the tie said. In addition, centralized exchange deposits doubled, reaching 13, while removing quadrupled to 38 compared to monthly average, it added.
‘Wen Memecoin’
The Crypto community in X quickly reacted to anger, doubt and humor in the SBF post.
One of the most scary responses came from in-chain investigator Zachxbt. In a post that has been deleted today, he condemned the SBF, saying he was “worthy zero human rights” due to the damage caused by the FTX’s collapse. His perspective reflects a segment of the community’s long resentment toward the fall of the FTX, which is offensive to investors who are still awaiting some of their funds from its losses and the broader crypto community.
Read more: Who won and lost most of Sam Bankman-Fried Criminal Scheme?
Other members of the community, including Laura Shin, have played the SBF’s sudden social media activity, saying, “That is so 2021. “
Meanwhile, Arthur Hayes, Bitmex’s co-founder who is now running the Crypto Venture Fund Maelstrom, took a funny jab, who answered “Wen Memecoin?“-The a likely playful reference to the speculation, meme-driven nature of climbing the FTT token after the unexpected SBF post. It is potentially emphasizing a perspective that price movement is more about market psychology than the outfit.
Not the first time
Climbing the FTT token -once a major utility token for trading fees discounts and staking benefits to the FTX exchange -is especially terrifying because of the amazing platform implosion that started with a brutal crypto winter that destroyed many investors.
However, strange enough, this is not the first time this has happened. The same thing opened in February last year, when the SBF account Posted to x For the first time for two years. At this time he was confined to the Metropolitan detention center in Brooklyn, and his lawyers were employed by an appeal of his belief (The appeal continues, with arguments currently scheduled for November 2025).
The new social media post also came as the FTX estate continued to work to pay off the creditors.
FTX Recovery Trust is set to release $ 1.6 billion In creditors at the end of this month, marked the third major payout from the crypto exchange implosion nearly three years ago.
This recent activity, although a short-lived potential, shows the token that still reacts strongly to the titles and sentiments-especially those tied to its controversial founder.
Read more: Private Jets, Political Politicals Among the $ 1B of Sam’s deleted assets in Bankman-Fried: Court
