- FTX Token (FTT) surged 30% on February 25, 2025, after Sam Bankman-Fried returned to social media for the first time in two years.
- Bankman-Fried’s post on employee layoffs sparked brief interest, pushing FTT’s price up from $1.63 to over $2 before quickly falling back.
- FTT remains down over 97% from its all-time high of $85.02, reflecting the lasting impact of FTX’s 2022 collapse and Bankman-Fried’s fraud conviction.
FTX Token (FTT) went up by 30% on February 25, 2025, following the return of its former CEO, Sam Bankman-Fried (SBF), to social media, after two years of his absence. The X post was made months after Bankman-Fried was handed a 25-year jail term for his involvement in the FTX case.
Volatility of FTX Token
In his post, Bankman-Fried raised the issue of how employers have a hard time letting go of their employees. He said it was among the most difficult challenges that aérogeologist could face as a leader. He also empathized with the government workers saying he had not looked at his email for email for ‘a few hundred days. These highlighted more on the human side of the business and the procedures and troubles that entail layoff of employees.
The post did not directly concern FTX or the crypto sector. It was favorable to some extent for its popularity caused FTT’s price to increase following its successful launch. The token surged from $1.63 to well over $2 in a short time, which means that its value grew by 30%, as posted on CoinMarketCap. This rally however was short lived. 30 minutes later, however, they fell back to around $1.75 proving that this token is slightly volatile. As of press time, FTX token trading at $1.69, showing a 1.69% decline over the past day.
Source: TradingView
FTT has rise significantly in recent years though in the overall context it has been observed that there has been general decrease over the years. The token is, however, down by over 97% from its record high of $85.02 recorded in September 2021.
This sharp sell-off occurred when the FTX exchange crashed in November 2022, after the revelation of the fraud by those in charge of the company. FTT has traded lower ever since signifying the potential effect the scandal has on the crypto markets.
Legal Troubles and Pardon Effort
The last activity registered on the social media platform belonged to Bankman-Fried was in January of 2023, when he posted details about his upcoming congressional hearing. Since then, he rarely appeared and his legal battles are what defined him more lately.
In November 2023, Bankman-Fried was found guilty of seven charges of fraud, wire fraud, securities fraud, and commodities fraud. The was convicted in March 2024, to 25 years of imprisonment, and is presently incarcerated at the Brooklyn Metropolitan Detention Center.
However, in January of 2025, records emerged that his parents, Joseph Bankman and Barbara Fried, have sought the presidential pardon. According to the source, the two allegedly speak with their lawyers and individuals linked to Trump’s team.
