The post quickly had millions of impressions and took everyone by surprise. More importantly, it caused the price of the FTT token to surge by over 45% within a few hours. This was enough to push the FTT price to $1.15, its first break above $1.15 for the first time in over three months.
Asides from price reaction, the post also raised immediate questions about whether Bankman-Fried had somehow regained internet access or even been quietly released.
In other words, the message was physically posted by someone else outside prison walls. It is currently unclear whether the incarcerated ex-billionaire communicated the decision to post the cheery “gm” to his associate or approved the post, but the clarification means that he is still behind bars despite the online appearance.
At the time of writing, the price of FTT has cooled down and has shelled out a notable portion of these gains. At the time of writing, the cryptocurrency is trading at $0.9117, down by 9% in the past 24 hours.
