When a Simple “gm” Unleashes a Crypto Circus: SBF Strikes Again! 🐒💥

by

Finance

What to know:

  • Our dear imprisoned Sam Bankman-Fried, the lord of irony, manages a social media whisper that sends the FTT token into a frenzied 24% leap. Jail walls apparently cannot contain the power of a single letter.
  • The crypto masses, half in disbelief, half in laughter, watch like spectators at a cheap theater, bemused by the absurd ballet of speculation pirouetting wildly on thin air.
  • Volumes soar, addresses multiply-like rats when the house burns-after this cryptic “gm” summons a tempest in a teapot of digital coins.

“What?”-the only fitting response by the prominent oracle Gainzy, whose wit is as sharp as a serf’s scythe, to the astonishing apparition of SBF’s message after his long exile behind bars. Perhaps a friend, or a ghost, dared to utter this mundane greeting that set markets aflame.

Oh, the irony! The FTX vessel, long since sunk to the murky depths of financial oblivion, suddenly breathes life and leaps nearly 24% in mere hours after this cryptogram, the humble “gm,” was hurled into the digital void by SBF.

gm

– SBF (@SBF_FTX) September 23, 2025

This single syllable ignited the feverish frenzy, pumping a token that, like a ghost at a feast, should have no substance but danced between $1.20 and $1.23 before settling to a respectable 25% increase, a number as believable as a merchant’s promise of virtue. Even after the post was sheepishly conceded to be penned by a “friend,” the FTT token remains spirited, defying common sense and CoinDesk’s best efforts at sober reporting.

As if possessed by some mischievous spirit, the token’s activity surged. Active addresses ballooned like a peasant’s belly after feast day, and trading volumes swelled with exaggerated zeal according to The Tie’s wise records.

Active addresses numbered 201, a dizzying jump from the staid average of 56, while centralized exchange deposits doubled and withdrawals quadrupled, as if everyone suddenly remembered they owned tokens worth – well, some number – and acted accordingly.

“Wen memecoin” – the plaintive cry

The crypto multitudes on X did not hold back. Out flowed both ridicule and fury like vodka at a Cossack’s feast. One on-chain investigator, ZachXBT, with the temper of a fiery cleric, decreed that SBF “deserves zero human rights”-a statement as blunt and final as the axe’s fall, echoing the bitterness felt by those left clutching the charred remains of their lost fortunes.

Others, like the inexorable Laura Shin, mocked his digital resurrection: “That’s so 2021,” she quipped, reminding us how quickly the fads fade and the pretenders fall silent.

Meanwhile, Arthur Hayes, the merry jester of BitMEX fame, danced on the grave with humor, taunting, “Wen memecoin?” as if the entire fiasco were some speculative carnival, a jest at the folly of those chasing shadows and stories rather than substance.

Not the first ghost to haunt the market

FTT token, once the prized possession of the FTX empire, granting favors and discounts to eager traders, now lies mostly forgotten, except for these occasional, inexplicable surges reminiscent of a haunted doll twitching in moonlight. This is not a new trick; last year’s return of SBF to social media caused a similar commotion while he languished in Brooklyn’s Metropolitan Detention Center, his appeals dragging like a slow-moving winter.

Meanwhile, the FTX Recovery Trust, that great alchemist of bankruptcy, prepares to release a staggering $1.6 billion to creditors – a third offering of dubious comfort to those still nursing wounds from the crypto carnage.

Thus, the FTT token, like a stubborn horse long thought dead, still prances wildly at the mere mention of its notorious master. One can only wonder what next act this farce shall unveil. 🎭

Read More

2025-09-24 22:50