On the morning of February 25, 2025, the FTT token's price rose above $2, reaching $2.12 in the past 24 hours. This significant increase is linked to public posts by the FTX founder, who is under legal scrutiny.
FTT Price Dynamics
At the time of writing, the FTT token was trading at $1.72 with a market capitalization of $566.4 million and a trading volume of $95.97 million. The token's price surge occurred following the founder of FTX's statements, despite the prior decline.
Sam Bankman-Fried's Posts and Their Impact
Recent posts by the former FTX founder greatly impacted the token's market. In one message, he expressed sympathy for government employees and shared his experience as unemployed. Other posts discuss the complications of layoffs and the current state of the fund. Following these statements, the FTT token rose by 29% in a short time.
Overall Crypto Market Situation
As of today, the crypto fear and greed index stands at 29, indicating growing fear among investors. The overall market capitalization fell below $3 trillion after two months of growth.
The FTT token continues to attract significant attention, mainly due to recent statements by its founder. Despite current challenges, it remains to be seen whether it can sustain this momentum in the long term.
