Big news in the world of cryptocurrency! Sam Bankman-Fried (SBF), the former head of the FTX cryptocurrency exchange, posted on social media for the first time in a long time. This caused a quick and surprising jump in the price of FTT, a type of cryptocurrency used on FTX. It's a reminder that even news not directly about crypto can affect its prices.
- SBF's post was about something else entirely – not FTX.
- The price of FTT went up quickly after his post, then went back down.
- FTT's price is still much lower than it was before FTX had problems.
| Cryptocurrency | Price Change | Current Price (approx) |
|---|---|---|
| FTT | Spiked 30% then fell | $1.72 |
Think of cryptocurrency like digital money, and FTT was a kind of digital money used on FTX. Even though SBF is in trouble, his actions still have an effect on the crypto world.
