FTT (FTX Token) rose 28.05% in the last 24 hours.

Gate News Bot news, September 24, according to CoinMarketCap data, as of the time of writing, FTT (FTX Token) is currently priced at $1.08, with a rise of 28.05% in the last 24 hours, reaching a high of $1.21 and a low of $0.79. The 24-hour volume is $376,000. The current market capitalization is approximately $354 million, with an increase of $77.5 million compared to yesterday.

Important recent news about FTT:

1️⃣ SBF's social media account activity attracts market attention The X (formerly Twitter) account of FTX founder Sam Bankman-Fried (SBF) suddenly showed unusual activity by following a large number of users. This unexpected event has drawn widespread attention in the cryptocurrency market, particularly significantly affecting the psychology of FTT holders, becoming an important factor in driving the rise of the FTT price.

2️⃣ FTT price breaks through key psychological level Affected by the fluctuations in SBF's account, the price of FTT briefly broke through the 1 dollar mark, reaching 1.05 dollars. This breakthrough not only represents an important psychological barrier but may also attract more investors' attention, further driving a short-term price rise. This rise in FTT reflects the market's high sensitivity to related events.

3️⃣ Significant rise in a short period FTT has seen a significant rise in a short period, with a 30% pump in just one hour. Such rapid price movements reflect the market's strong reaction to FTT-related dynamics, and may also trigger more investors to chase the rise, further boosting the price.

From a technical perspective, the FTT price may face some pullback pressure after breaking through the 1 dollar mark. Investors need to closely monitor whether the price can stabilize above this level and the sustainability of the volume. At the same time, considering the close relationship between FTT and the FTX exchange, its fundamentals still carry uncertainty, and market participants should maintain a cautious attitude.

This message is not an investment advice; investors should be aware of market volatility risks.