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Blue sky ✅
#SBFPresidentialPardon One pardon request just revived one of crypto’s most controversial names.
News that Sam Bankman-Fried formally applied for a presidential pardon instantly reignited speculation around the FTX saga, sending $FTT surging as much as 77% to around $0.335 before momentum faded.
The market reaction reveals something important: traders are still willing to price in narratives long before outcomes become reality.
While SBF continues serving a 25-year sentence and the chances of a successful pardon remain highly uncertain, the move has brought renewed attention to the FTX ecosystem and its native token. Yet history shows that headline-driven rallies often struggle to sustain themselves without a fundamental catalyst.
For $FTT, the key question is whether this was the start of a trend or simply a liquidity-driven spike fueled by speculation. A failure to hold recent gains could turn the rally into another classic “buy the rumor, sell the news” event.
My view: when a token jumps 70%+ on political headlines rather than ecosystem growth, volatility becomes the product. Traders should focus less on the story and more on whether price can maintain support after the excitement fades.
$BTC $ETH
#SBFPresidentialPardon
@OKX Orbit
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