Unexpected Tweets from Sam Bankman-Fried Cause FTX Token to Spike Temporarily
FTX’s native token, FTT, experienced a brief surge on the evening of February 25. This spike occurred when Sam Bankman-Fried’s X account, previously Twitter, posted for the first time in two years. Despite being incarcerated and facing a 25-year prison sentence for fraud and conspiracy, this unexpected activity garnered attention in the crypto world. Investors are keenly assessing the potential implications of this sudden rise in interest around FTX.