“Spike in FTT Activity Coincides with a post from Bankman-Fried’s X Account Despite Prison Restrictions, Drawing Ire from The Crypto Community.”, – WRITE: www.coindesk.com
To make matters worse, the token linked to defunct crypto exchange ftx surveyed nearly 24% in the Last 24 hours, After HIS X accounting posted a simple “GM” on Tuesday.
This Simple Post Sems to Have Been Anti-Ftt Token, Which Now DA Value Associated with, Nearly, Nearly, WEARLY, NEARLY, NEARLY, WEARLY, NEARLY, NEARLY, NEARLY, NEARLY, NEARLY 50% -60% -60% -60% -60% -60% -60% -60% -60% -60% -60% -60% west AROUND $ 1.20- $ 1.23. Despite his incarceration and clarification that was made by a “friend” on his behalf, the token is Still Up 25%, Trading AROUND $ 1.014, accounting to coindesk data.
The FTT Token Has Also Seen A Sharp Increase in Activity and Trading Volumes Following the Post, Accounting To Data Compiled by the Tie.
The Number of Active Addresses Reached 201, Significantly Outpacing the MONTHLY AVERAGE OF 56, The Tie Said. Additionally, Centralized Exchange Deposits Doubled, Reaching 13, While Withdrawals QuadRupled to 38 Compared to the MONTHLY AVERAGE, IT Added.
‘Wen memecoin’The Crypto Community on X Reactned Swiftly with Anger, Skepticism and Humor to SBF’s Post.
One of the most screaming replies Came from on -chain Investigator Zachxbt. In a now-deleted post, he condemned sbf, stating that he “DesERves Zero Human Rights” Due to the Harm Caused by FTX’s Collaps. His View Reflects A Segment of the Community’s Lingering Resentment Towards FTX’s Collaps, whoh Hurt Investors Whoa Still Waiting for Some Funds From.
Read More: Who Won and LOST MOST IN SAM BANKMAN-FRIED’S CRIMINAL SCHEME?
Other Community Members, Including Laura Shin, Moned Sudden Social Media Activity, Saying, “That’s So 2021.”
Meanwhile, Artthur Hayes, The BitMex Co-Funder Who Now Runs Crypto Venture Fund Maelstrom, Took A Humoros Jab, Replying “Wen Memecoin?” -A Likely PlayFul Reference to the Special, Meme-Driven Nature of the Surge in Ftt Token After SBF’s Unexpectioned Post. This Potentilly Underscores a View That Price Movement Was More About Market Psychology than Substance.
Not The First TimeThe Surge in Ftt Token – Once A Key Utility Token for Trading Fee Discounts and Staking Benefits On the FTX Exchange – Has Been Largely Dommant Winter that devastated many investors.
However, Strangely Enough, this is not the first time this had had. The Same Thing Unfolded In February of Last Year, Who The SBF’s Account posted on X for the FIRST TIME IN TWO Years. At the Time, he was didtained in the Metropolitan Detention Center in Brooklyn, and His Lawyers Were Working Through An Appeal of His CONVICATION (The Appeal Is Ongoing, With Arguments Currently Schelyled for November 2025).
The New Social Media Post Also Came As the FTX Estate Continues to work to Repay Credites.
The FTX Recovery is a set to Release $ 1.6 Billion to Creditors at the end of this month, Marking the Third Major Payout Since the Crypto Exchange’s Implosion Nearly Threely.
This recent activity, Thought potentilly short-lived, shows the token Still Reacts Sharply to Headlines and Sentiments-Especially Those Tied to Ittroversial Founder.
Read More: Private Jets, Political Cash Among $ 1b in Sam Bankman-Fried’s Forfeited Assets: Court
BNB Chain Is Preparing to Cut Fees and Speed Up Block Times, With Aster Overtaking Rival Hyperliquid in Both Revenue and Token Momentum.
- BNB Chain Validators Proped Halning Gas Fees and Cutting Block Times, Aiming to Drop Transaction Costs to AROUND $ 0.005 and KEEP The Network Competitive With Solana and Base.
- Aster have Overtaken Hyperliquid in On-Cheain Exchange Revenues, Generation $ 7.2m in Daily Revenue Versus Hyperliquid’s $ 2.79M, While Its Token Astr Has Surged 37% in 24%.
- Trading Activity Is Now The Dominant Use Case on BNB Chain, Accounting for Two-Thirds of Transactions, Making Lower Fees Crucial To Attracting Tradcrating and Liquidity.
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