FTX Token Rises 60% Following Sam Bankman-Fried's $1.6B Refund Announcement

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

FTT-2.858%

TOKEN-3.07%

Source: Coinmarketcap

Updated: Sep 24 2025

FTX Token Surge: FTX's $FTT token skyrocketed 60% in just 12 minutes after Sam Bankman-Fried announced a $1.6 billion refund to creditors, boosting investor sentiment and optimism in the market.
Technical Analysis: The token's price surpassed key technical levels, indicating bullish momentum, but caution is advised as it may be overbought, with potential profit-taking if it slips below $0.94.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

FTX Token Rises 60% Following Sam Bankman-Fried's $1.6B Refund Announcement

About the author

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