Resistance

<p>Can Sam Bankman-Fried still be saved? Not his reputation, but his future. In prison, the ex-crypto billionaire is biting his nails while his former empire has become a wasteland. Yet, strange enough: a ray of light emerges from the mud. The FTT token – orphaned token of FTX – briefly came back to life following an unexpected post on X. Like a heartbeat in a frozen body.</p>
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  <h2 class="in-brief--title" id="en-bref">En bref</h2>
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   <li>The “gm” posted on X from SBF’s account triggered a speculative surge.</li>
   <li>FTT jumped 60% before falling back to $0.98, with no economic basis.</li>
   <li>The crypto market reacted in a similar way, reviving the collective post-FTX trauma in an emotional flash.</li>
   <li>Volume and activity figures exploded, despite the lack of real utility for the FTT token.</li>
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<h2 id="h-gm-from-sbf-two-letters-a-crypto-shake-up">“Gm” from SBF: two letters, a crypto shake-up</h2>
<p>On September 23, 2025, at dawn, a simple “gm” emerged from SBF’s X account, <a href="https://www.cointribune.com/en/crypto-sam-bankman-fried-celebrated-his-33rd-birthday/" target="_blank" rel="noopener noreferrer nofollow">33 years old</a> and still in prison. Immediate result <a href="https://www.coindesk.com/business/2025/09/24/sam-bankman-fried-s-sudden-gm-lifts-ftt-token-as-ftx-set-to-repay-usd1-6b" target="_blank" rel="noopener noreferrer nofollow">: the FTT token soared to $1.23</a>, before dropping back to $0.98. The community lit up. Yet, SBF remains incarcerated.</p>
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<p>On-chain investigator ZachXBT protests: “<em>he doesn’t even deserve human rights</em>” after what he did. The reaction reveals how fresh the FTX wound still is.</p>
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<p>Very quickly, a tweet clarified: the message was not posted by SBF himself, but by a friend. Speculation, however, paid little attention. The market had already reacted. This isn’t the first time this has happened: in February, a similar post had already boosted FTT.</p>
<p>Every time SBF appears, the collective imagination ignites. A mixture of fascination, anger, and traumatic memory: FTX’s past still haunts platforms.</p>
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 <p><em>No, SBF does not post from prison. It’s a friend writing for him.</em><br></p>
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<h2 id="trading-ftt-or-how-to-exorcise-the-ftx-trauma">Trading FTT, or how to exorcise the FTX trauma?</h2>
<p>While some have taken the post lightly, others saw it as a grating repeat of an old scenario. Arthur Hayes, ex-co-founder of BitMEX, says: “Wen memecoin?” as if to say yet another drama for speculation. The irony is palpable, the underlying tension.</p>
<p>FTT is a zombie token: no more functionality, no real utility. Yet, it lives on in market reflexes. The proof? The token’s “social dominance” climbed to 0.75%, one of its peaks this year. A signal enough to trigger a rush on orders.</p>
<p>In crypto imagination, some symbols still work. “Gm” is a totem. When it comes from the account of a fallen giant, it strikes a sensitive chord. You don’t buy FTT for its future, but to remember what crypto was before the winter.</p>
<p>And sometimes, for the most playful, you buy just to see the beast move once more.</p>
<h2 id="h-ftt-crazy-numbers-for-an-empty-asset">FTT: crazy numbers for an empty asset</h2>
<p>FTT no longer has use cases, but remains a speculative toy. On September 23, spot volume rose 281%, reaching $49.6M. Derivatives volume exploded by 1,353%, peaking at $30.3M. Open interest increased by 38%, reaching $3.3M. Deposits doubled, and active addresses quadrupled, reaching 201, according to The Tie.</p>
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<p>Technical indicators tell another story: a sharp peak, a retreat just as fast. RSI at 54, widened Bollinger bands, MACD still bullish. Dead cat bounce is already being mentioned: a bullish illusion in a dying asset.</p>
<p>Key figures of the FTT rebound:</p>
<ul>
 <li>+281% spot volume in 24h;</li>
 <li>+1,353% on derivatives;</li>
 <li>201 active addresses vs. 56 average;</li>
 <li>Resistance tested at $1.20, support at $0.90;</li>
 <li>Social dominance at 0.75%, record level.</li>
</ul>
<p>One tweet. Crazy numbers. And yet, no announcement, no fundamentals. Just an echo. That of a fallen empire… but not forgotten.</p>
<p>While FTT pulses in an artificial surge, SBF’s fate plays out elsewhere. His lawyers are refining an appeal defense for November. More discreetly, his parents multiply contacts to obtain a presidential pardon. The case is circulating, arguments are being built. Will he ever get out? The crypto market has already rehabilitated him for a moment. But justice is not moved by two letters posted at dawn.</p>

A simple “gm” from SBF makes the FTT token jump 24%

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