FTT Jumps 60% After SBF’s ‘gm’ Tweet Amid Creditor Repayments
FTT surged dramatically after a surprise “gm” tweet from Sam Bankman-Fried’s X account, managed by a friend. Within hours, FTT trading volume spiked and the token jumped 30% in early trading, peaking near 60% gains. At press time, FTT trades at $0.97, up 18% over 24 hours with a $319 million market cap and $79 million daily volume. The rally coincides with FTX’s third creditor repayment round on September 30, fueling speculation that estate repayments are driving the price surge. Traders on Crypto Twitter reacted with both amusement and skepticism, highlighting how sentiment can outweigh fundamentals. Short-term momentum remains bullish. Traders should monitor FTT volatility, repayment updates and SBF account activity for further triggers.
Bullish
The sudden 60% surge in FTT after SBF’s tweet underlines the strong influence of social media on short-term market movements. High trading volume and positive momentum suggest bullish conditions for FTT ahead of the September 30 creditor repayments. However, long-term stability depends on actual repayment progress and the token’s utility on any revived FTX platform. Traders are likely to remain optimistic in the near term as speculation fuels further gains, but fundamentals will drive FTT’s trajectory post-repayments.