What is behind the Bahamut ecosystem's FTN coin's counterattack: a single-day surge of over 200%?

On December 18th, while the entire crypto market was still declining, a coin defied the trend and surged—Fasttoken(FTN) skyrocketed from $0.37 to over $1.30 within 24 hours, with a single-day increase of nearly 200%, becoming the most eye-catching performer of the day.

This wave of market movement came unexpectedly. Looking at the chart data, FTN created the most dramatic candlestick of 2025—with a plunge of over 90% from its high of $2.00 earlier this year, even reaching historical lows between $0.25 and $0.37 at one point. Many traders had already labeled this coin as a “problem coin.” Then? It suddenly exploded.

What is Bahamut, and what does FTN do?

Simply put, FTN is the native token of the Bahamut ecosystem. Bahamut itself is an EVM-compatible Layer-1 public chain developed by SoftConstruct Group, utilizing a PoSA (Proof of Stake + Active Proof) consensus mechanism. FTN’s uses on this chain include: transaction fee settlement, node staking, payments via Fastex Pay, trading on the Fastex exchange, and applications in Web3 such as NFTs and gaming. SoftConstruct is not just a blockchain company; it also ventures into payments, gaming, and IT infrastructure, giving the FTN ecosystem broader imagination space.

Why was 2025 such a disaster?

FTN’s nightmare year was mainly caused by several factors stacking up:

Large token unlocks continuously flooding the market, creating immense selling pressure. Throughout 2025, risk aversion sentiment was particularly strong, especially among small-cap tokens. An exchange once issued a risk monitoring warning for FTN, raising concerns about potential delisting, which directly triggered investor panic.

What was the result? FTN’s price kept falling, dropping over 90%, trapping many at sky-high prices. By mid-December, people generally believed this coin was dead.

Why did it suddenly come back to life on December 18th?

This rebound happened without official announcements, major partnerships, or any fundamental changes—FTN’s X account hadn’t been updated since September. So, where did the momentum come from?

Overly oversold creating a bottom-fishing opportunity: When a coin hits a historical low, someone will always try to make quick money by catching a rebound. In extreme pessimism, just a little buying can trigger a stampede-like surge.

Liquidity exhaustion amplifying volatility: FTN’s trading volume is very thin, with only a few million dollars in 24-hour trading. In such a liquidity environment, even small buy orders can produce exaggerated price increases. This is a typical “low volume, big price swings” scenario.

The removal of risk warnings from an exchange: Although the previous risk monitoring label didn’t ultimately lead to delisting, the resolution of this uncertainty itself can release some of the suppressed buying interest. Once the panic and fear are alleviated, a rebound occurs.

Reframing the ecosystem story: Bahamut blockchain, Fastex Pay payment system, NFTs, and gaming ecosystems have always existed, but no one cared during the price collapse. When the rebound started, these elements were rebranded as “narratives” to attract new attention.

Can the rebound be sustained? What are the risks?

Honestly, the magnitude of this rise is reasonable from both technical and psychological perspectives, but its sustainability is questionable. The reasons are straightforward:

Lack of fundamentals. No new development progress, no new partnerships, and even the official voice is absent. Once buying interest dries up, selling pressure will follow.

Token unlock pressures remain in the future. Ongoing inflation expectations will lower valuation ceilings.

Trading depth is shallow. In such an environment, rebounds can be just as volatile in the opposite direction. A large sell order could wipe out all gains.

Therefore, this 200% rebound of FTN is more like a market sentiment pendulum swinging between extreme pessimism and extreme optimism rather than a project’s turnaround. Participants should be cautious when chasing gains, and when chasing dips, they should assess the project’s actual progress rather than just technical rebound signs.