“What”: a simple response from the Gainzy cryptography influenced the feeling when notorious The convict scammer Sam Bankman-Frito, or SBF, apparently published on social networks after a long stop (and despite being in jail).
To worsen things, the token linked to the missing Crypto Exchange FTX increased almost 24% in the last 24 hours, after his X account X published a simple “GM” on Tuesday.
This simple publication seems to have been taken as an opportunity by speculative cryptography merchants to pump the Token FTT, which now has no associated value, almost 50% -60% in minutes, reaching a peak of around $ 1.20- $ 1.23. Despite its imprisonment and clarification that the position was made by a “friend” in its name, the Token has still increased by 25%, which quotes around $ 1,014, according to Coindesk data.
The Token FTT has also seen a strong increase in activity and negotiation volumes after the publication, according to the data compiled by the draw.
The number of active addresses reached 201, significantly exceeding the monthly average of 56, the draw said. In addition, centralized exchange deposits doubled, reaching 13, while retreats quadrupled 38 compared to the monthly average, he added.
‘Wen Memecoin’
The cryptographic community in X reacted quickly with anger, skepticism and humor to the publication of SBF.
One of the most scathing answers from the researcher in the Zachxbt chain. In a position now eliminated, SBF condemned, stating that “it deserves zero human rights” due to the damage caused by the collapse of FTX. His point of view reflects a segment of the persistent resentment of the community towards the collapse of FTX, which harmed investors who are still waiting for some of their funds in their assets in bankruptcy and the broader cryptographic community.
Read more: Who won and lost more in the criminal scheme of Sam Bankman-Fried?
Other members of the community, including Laura Shin, made fun of the sudden activity of SBF social networks, saying: “That is so 2021”.
Meanwhile, Arthur Hayes, the Bitmex co -founder who now runs Crypto Venture Fund Maelstrom, took a humorous blow, responding “Wen Memecoin?” -A probable playful reference to speculative nature, driven by memes, in the Token FTT after SBF’s unexpected position. This potentially underlines an opinion that the price movement was more about market psychology than substance.
It is not the first time
The increase in the Token FTT, once a key utility token for commercial rates discounts and the benefits of rethinking in the FTX exchange, has been largely inactive since the spectacular implosion of the platform that marked the beginning of a brutal cryptographic winter that devastated many investors.
However, strangely, this is not the first time this happens. The same was developed in February last year, when the SBF account published in X for the first time in two years. At that time, he was arrested at the Metropolitan Detention Center in Brooklyn, and his lawyers were working through an appeal of his conviction. (The appeal is ongoing, with arguments currently scheduled for November 2025).
The new publication on social networks also occurred when FTX Estate continues to work to pay the creditors.
The FTX Recovery Trust will launch $ 1.6 billion to the creditors at the end of this month, marking the third important payment from the implosion of cryptography exchange almost three years ago.
This recent activity, although potentially short -term, shows that the Token still reacts abruptly to the headlines and feelings, especially those linked to their controversial founder.
Read more: private jets, political effective between $ 1b in the lost assets of Sam Bankman-Fried: court
