• X’s single “GM” submit from an account linked to SBF helped gas a surge in FTT costs of 60%, highlighting market volatility.
• FTX’s $1.6 billion creditor fee loom might have an effect on the worth of FTT as liquidation danger will increase.
• Regardless of the shortage of utility, FTT’s rally stays an investor’s attraction to the FTX legacy.

The FTX Token (FTT) is the now-deprecated native token of the FTX Trade, which skilled a dramatic 60% value rise throughout the early hours of Wednesday.

Tokens have skyrocketed after the Sambank Manfried (SBF) X account was posted.

SBF is the previous CEO of FTX, who’s at the moment in jail.

The surge to an intraday peak of $1.21 was additionally caused by the FTX Restoration Belief suing Genesis Digital for $1.15 billion.

FTX tokens surge in SBF tweets

FTT costs took over $1 on Monday and Tuesday, reflecting this week’s crypto turbulence.

Nevertheless, it exploded on Wednesday, far above psychological ranges.

The catalytic catalysis of sharp value actions appears to be like like a two-letter submit by Sam Bankman-Fried on September 24, 2025, with the shorthand “GM” shorthand for “Good morning.”

Incarcerated for his function within the fall of FTX, SBF appears to be like like an enormous, massive shadow throughout the market as his submit rapidly gained 4 million views.

The worth of the FTT jumped because the enthusiastic speculative development picked up momentum.

Some market individuals interpreted it as a sign of potential improvement within the FTX chapter course of, whereas others seen it as a nostalgic nod to the impression of SBF within the crypto house.

We separated FTT from 60% spikes to $1.21, separating the general image of the broader market stoop.

Costs made a revenue after the X account was posted once more a couple of hours later.

(No, SBF hasn’t posted himself from jail. I am a buddy who posts on his behalf.)

– sbf (@sbf_ftx) September 24, 2025

However, the worth of the FTT stays at almost $1, up 19% over the previous 24 hours on the time of writing.

Specifically, the worth surge was introduced on by FTX Belief suing Bitcoin Mining Agency Genesis Digital over SBF’s $1.15 billion asset funding.

In an software filed within the U.S. Chapter Courtroom for the District of Delaware on Monday, FTX Restoration Belief has launched complaints towards Crypto Mining Agency Genesis Digital Property (GDA), its associates and two co-founders.

This motion, known as “complete and misappropriated funds,” is a part of an effort to regain $1.15 billion.

The submitting claims that the funds are straight related to former FTX chief Sam Bankmanfried’s “fraud towards shoppers and different collectors” in 2021 and 2022.

What’s your FTT value outlook?

The FTT at the moment prices $0.9704, with a 24-hour buying and selling quantity of roughly $1,764 million.

The token’s market capitalization is reported at $272.9 million, reflecting a round provide of 328.89 million FTT.

The long-term viability of tokens stays questionable as they might face liquidation to distribute $1.6 billion, as they don’t play a useful function and will face liquidation to resolve creditor claims within the ongoing chapter proceedings of FTX.

The FTT can once more violate $1.21 and goal $2, within the total unstable trajectory of Altcoins.

Nevertheless, the historic highest of $85.02 for tokens is in stark distinction to present ranges.

FTX tokens have fallen 98.8% since their all-time excessive peak, with bearish outlook tied to a turbulent previous.