From FUD to FOMO: How FTX traders reacted to SBF’s ‘gm’ tweet

A single tweet from Sam Bankman-Fried sent FTX parabolic, driving a 37% price jump and a 65% surge in derivatives Open Interest. FOMO has shifted from dismissing FTX news as FUD to treating hype as a bullish signal, showing how positioning reacts instantly to social cues. 2021 was the year Elon Musk’s Dogecoin [DOGE] tweets literally moonshot the market. 1,000%+ pumps, buying frenzy, and DOGE flexing as the top memecoin by market cap. What followed? A legal headache.