SBF’s Comeback on X Sparks 30% Surge in FTT Token, Here’s What He Posted

6 months ago 29

Now defunct cryptocurrency speech FTX and its erstwhile CEO Sam Bankman Fried (SBF) were the speech of the municipality passim 2022 and 2023. After SBF was jailed, the chatter astir the speech had slowed down. But the jailed laminitis made a comeback with a caller station connected X. This station has made headlines arsenic SBF was posting done his relationship for the archetypal clip successful 2 years. While the assemblage wasn’t impacted by this tweet, the FTT token which is associated with the speech recorded a monolithic uptick.

Also Read: Shiba Inu: Here’s When SHIB Could Recover The $0.00004 Level

A Look Into SBF’s Tweet

SBF created a 10-tweet thread connected X. This thread chiefly discussed layoffs. possibly successful notation to Elon Musk’s request that authorities workers email their occupation activities from the erstwhile week oregon look termination. He started the thread by saying,

“I person a batch of sympathy for gov’t employees: I, too, person not checked my email for the past fewer (hundred) days. And I tin corroborate that being unemployed is simply a batch little relaxing than it looks. Firing radical is 1 of the hardest things to bash successful the world.“

It should beryllium noted that SBF is presently serving a 25-year jailhouse word aft being recovered blameworthy connected 7 abstracted counts of fraud and conspiracy successful November 2023. As his attorneys hole to appeal, helium is being held successful Brooklyn’s Metropolitan Detention Center. SBF whitethorn nonstop messages utilizing the Corrlinks system. This allows inmates successful the United States to interact with 1 another, adjacent if helium does not person nonstop entree to websites similar X oregon email.

The latest drawstring of tweets was astir the medication of Donald Trump and its prime to laic disconnected thousands of authorities employees. Days aft Trump’s White House accrued layoffs, focusing connected national agencies, defence workers, and probe departments, helium made these remarks.

5) Maybe we conscionable didn’t truly person anyone escaped to negociate them close then. Maybe they worked champion remotely, but our institution communicated in-person. Maybe they wanted to enactment connected a peculiar project, and it conscionable wasn’t what the institution needed.

— SBF (@SBF_FTX) February 25, 2025

In addition, the assemblage had mixed reactions to this thread. However, according to CEHV laminitis Adam Cochran, SBF’s attorneys mightiness person written this arsenic portion of a nationalist relations campaign. This could beryllium his efforts to get a pardon.

Also Read: XRP Price Struggles Below $2.2—What’s Next for the Week Ahead?

FTX’s Token and its Rise

CoinMarketCap revealed that the FTT token nary longer has immoderate use. Yet, the plus surged from a debased of $1.53 each the mode to a precocious of $2.12. This occurred implicit the past 24 hours. At the clip of writing, FTT was trading astatine $1.66. However, the plus was undergoing a correction and had dropped by astir 6% passim the past day.