{"id":49246,"date":"2025-09-24T11:31:39","date_gmt":"2025-09-24T11:31:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49246"},"modified":"2025-09-24T11:31:39","modified_gmt":"2025-09-24T11:31:39","slug":"ftt-explodes-to-a-4-month-high-following-a-mysterious-tweet-from-sbf","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49246","title":{"rendered":"FTT Explodes to a 4-Month High Following a Mysterious Tweet From SBF"},"content":{"rendered":"<div>\n<p>TL;DR:<\/p>\n<ul>\n<li>The asset\u2019s price spiked by double digits after the former chief executive officer of FTX supposedly tweeted a simple \u201cgood morning.\u201d<\/li>\n<li>The exchange suffered a shocking collapse three years ago, but compensation to affected clients remains in progress.<\/li>\n<\/ul>\n<h2><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/SBF_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/SBF_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\"><\/a><\/h2>\n<h2>What Fueled the Pump?<\/h2>\n<p>FTT \u2013 the native token of the now-defunct crypto exchange FTX \u2013 jumped by 25% on a 24-hour scale, with its price briefly soaring to a four-month high of $1.20. In the following hours, it retraced to the current $1.02.<\/p>\n<div>\n<dl id=\"attachment_413736\">\n<dd>\n<p><figure id=\"attachment_413736\" aria-describedby=\"caption-attachment-413736\" style=\"width: 837px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/FTT-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-413736\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/FTT-Price.png\" alt=\"\" width=\"837\" height=\"628\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/FTT-Price.png 837w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/FTT-Price-300x225.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/FTT-Price-768x576.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/09\/FTT-Price-50x38.png 50w\" sizes=\"auto, (max-width: 837px) 100vw, 837px\"><\/a><figcaption id=\"caption-attachment-413736\" class=\"wp-caption-text\">Source: CoinGecko<\/figcaption><\/figure>\n<\/p>\n<\/dd>\n<\/dl>\n<\/div>\n<p>The massive green candle is most likely associated with\u00a0Sam Bankman-Fried (the former CEO of FTX), who broke his silence on X after a long period of inactivity.<\/p>\n<p>Earlier today (September 24), he <a href=\"https:\/\/x.com\/SBF_FTX\/status\/1970633704323362904\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">posted<\/a> the simple \u201cgm,\u201d which is short for \u201cgood morning\u201d and is widely used in the crypto community. Many members often start their day with that abbreviation to signal positivity, optimism, and interact with their followers.<\/p>\n<p>Some were left baffled after SBF\u2019s post since he is in prison serving a 25-year sentence for orchestrating one of the largest financial frauds in history. A few hours after the \u201cgm\u201d interaction, there was another announcement reading:<\/p>\n<blockquote>\n<p>\u201cNo, SBF is not posting himself from prison. I\u2019m a friend posting on his behalf.\u201d<\/p>\n<\/blockquote>\n<p>Earlier this year, SBF (or another person who manages his X account) <a href=\"https:\/\/cryptopotato.com\/sbf-breaks-silence-after-2-years-sending-ftt-above-2-briefly\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">triggered<\/a> another major price pump for FTT by sharing a ten-part thread on layoffs and employment issues. His opening post was:<\/p>\n<blockquote>\n<p>\u201cI have a lot of sympathy for government employees: I, too, have not checked my email for the past few (hundred) days.\u201d<\/p>\n<\/blockquote>\n<p>He later said that firing people is \u201cone of the hardest things to do in the world,\u201d adding that it is often the company\u2019s fault for hiring too many employees and then having \u201cno idea what to do with them.\u201d<\/p>\n<p>It remained unclear whether that was an attempt by SBF to weigh in on the US government\u2019s plans at the time to get rid of federal employees who are not productive at work.<\/p>\n<p>Some also saw his interaction as an attempt to win a pardon from President Donald Trump, who shortly after stepping into the White House <a href=\"https:\/\/cryptopotato.com\/donald-trump-pardons-silk-road-creator-ross-ulbricht\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">granted<\/a> amnesty to Ross Ulbricht (as promised).<\/p>\n<h2>What\u2019s Going on With FTX?<\/h2>\n<p>The meltdown of the exchange towards the end of 2022 <a href=\"https:\/\/cryptopotato.com\/the-fall-of-sam-bankman-frieds-crypto-empire-a-timeline-of-ftxs-collapse\/\" data-wpel-link=\"internal\">resulted<\/a> in multi-billion-dollar losses for its creditors and sent shockwaves through the entire crypto industry. After insolvency, FTX\u2019s management was taken over by restructuring professionals tasked with recovering assets for affected users, among other goals.<\/p>\n<p>The FTX Recovery Trust has already <a href=\"https:\/\/cryptopotato.com\/ftx-creditors-to-receive-over-5b-starting-may-30\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">distributed<\/a> a substantial amount of funds and recently <a href=\"https:\/\/cryptopotato.com\/ftx-recovery-trust-announces-third-1-6b-creditor-distribution\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">announced<\/a> the next phase of the process that will begin on September 30. Initially, it will focus on smaller creditors and retail traders, recovering around 120% of their claims. It is worth noting that larger institutional clients with bigger claims will receive less generous payouts.<\/p>\n<p>US customers will get an additional 40% of their claims, bringing their total recovery to 95%, while those who used FTX\u2019s international arm are entitled to a total of 78%. General unsecured and digital asset loan claims are set to be repaid at a 24% rate, bringing overall recoveries up to 85%.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/ftt-explodes-to-a-4-month-high-following-a-mysterious-tweet-from-sbf\/\">FTT Explodes to a 4-Month High Following a Mysterious Tweet From SBF<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR: The asset\u2019s price spiked by double digits after the former chief executive officer of FTX supposedly tweeted a simple \u201cgood morning.\u201d The exchange suffered a shocking collapse three years ago, but compensation to affected clients remains in progress. What Fueled the Pump? FTT \u2013 the native token of the now-defunct crypto exchange FTX \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49246","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49246"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49246\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}