FTT Price Explodes 30% After Mysterious ’gm’ Tweet from Sam Bankman-Fried’s Resurrected Account

A single two-letter tweet from crypto's most infamous ghost sent FTT on a vertical climb.

The Power of Perception

Markets move on narrative, and few narratives are more potent than the sudden reappearance of a fallen king. Sam Bankman-Fried's account breaking its silence with a casual 'gm' ignited a buying frenzy, proving that in crypto, sentiment often bypasses fundamentals.

A Calculated Spark or Random Glitch?

The 30% surge showcases the extreme volatility of assets tied to controversial figures. Whether the tweet was a planned signal, a hacked account, or a simple glitch mattered less than the market's reaction—a Pavlovian response to a familiar name.

Traders Chase Ghosts While Regulators Scramble

This episode underscores the sector's adolescence, where a greeting can move millions faster than any financial report. It’s a stark reminder that in the wild west of digital assets, a tweet can still be the most powerful catalyst—for better or worse.

Social signal drives sharp reaction

The catalyst was a short “gm” message posted from SBF’s account on Sept. 23, marking the first notable activity in months. The post was enough to spark heavy speculation, even though a friend later clarified that they were the ones who created the post and not SBF.

gm

Traders quickly moved into FTT, echoing similar market reactions to prior activity on the account earlier this year.

Community response ranged from memes about “pumping from prison” to skepticism about the token’s value, given FTT’s lack of utility after the collapse of the FTX exchange. The latest episode reinforces how attention around SBF’s account can still generate volatility, even without fundamental backing.

FTT price technical analysis

The technical picture shows short-term strength despite overall mixed signals. On the daily chart, FTT overextended, briefly rising above the upper Bollinger Band at $1.05 before falling back. After cooling from overbought levels during the spike, the relative strength index is currently in neutral territory at 54.7.

Moving averages point to potential short-term support. A short-term bullish bias is confirmed by the 10-, 20-, and 50-day EMAs all sitting below the current price. This structure is also supported by the 100-day EMA at $0.92. FTT is still in a longer-term downward trend though, as the 200-day EMA at $1.10 is still above the current price. 

Momentum indicators are split. The momentum oscillator and commodity channel index are bearish, indicating short-term exhaustion, while the MACD displays a buy signal. 

The immediate resistance, if the rally picks up steam, is between $1.05 and $1.20. Support on the downside can be found at $0.90 and $0.80, and a deeper correction could result in a retest of $0.70.