FTT Token Adds Over 29% Following the X Post From SBF

On February 25, 2025 morning, the FTT token price grew above $2.00, and in the past 24 hours, it traded at $2.12, and its lowest trading price was $1.53.

When writing, the FTX token was trading at $1.72 with a market capitalization of $566.4 million, and its trading volume was $95.97 million.

What fuels bullishness in FTT price today?

As per the crypto experts, the sudden growth in the trading prices of FTT has been observed after a series of posts from the Jailed founder of the FTX exchange. The recent tweets on his accounts have been observed after 2 years, as he is facing severe allegations of fraud and misleading investors’ funds.

Source: CoinMarketCap

In the X post dated February 25, 2025, “ I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days.” Adding, “And I can confirm that being unemployed is a lot less relaxing than it looks.”

The following post notes that “ Firing people is one of the hardest things to do in the world. It sucks for everyone involved.”

It is worth noting that after the departure of Sam Bankman Fried, the position of Chief Executive Officer was filled by John J. Ray ll, who is popular for his expertise in recovering funds from failed companies.

The X post by SBF helped the FTX token to grow over 29% in just a few minutes, yet some of the wallet booking profits leveraged growth in the prices

Earlier in January 2025, it was reported by Bloomberg that both the mother and father of SBF have sought a presidential pardon and have also met some other close officials and influential personalities under the Trump administration

According to available data, the FTT token reached a record price of $85.02 at the end of 2021, with a sudden decline in trading of FTX tokens several known exchanges have delisted it from trading. However, there are a few exchanges that offer FTT trading.

Some others involved in the FTX collapse, such as Caroline Ellison, Nishad Singh, and Ryan Salame, have been jailed and have faced huge penalties.

The crypto market fell below 100-day EMA, why?

As of writing, the crypto fear and greed index was at 29, determining a grown fear in the market, and the market capitalization fell below $3 trillion after a constant growth for 2 months.

At the same time, Bitcoin has fallen below $90k and is trading at $89,131 with a loss of 6.92%, its market cap is below $1.80 trillion with a fall of 7%. BTC’s trading volume grew by 213%, reaching $77.74 billion.