Fasttoken (FTN), the native token of the Fastex ecosystem, surged practically 200% on December 18, considerably outperforming the broader cryptocurrency market, which remained largely within the crimson.
FTN rose from about $0.37 to over $1.30 in lower than 24 hours, making it one of many best-performing cryptocurrencies of the day. This rally occurred with none main bulletins, indicating a transfer pushed by technicals and sentiment quite than a elementary reassessment.
Fasttoken rose over 180% on December 18th. Supply: CoinGecko
What’s Quick Token (FTN)?
Fasttoken is a utility token of the Fastex ecosystem developed by SoftConstruct. It powers the Bahamut blockchain, an EVM-compatible layer 1 community that makes use of the Proof-of-Stake and Exercise (PoSA) consensus mannequin.
FTN is used for transaction charges and staking on Bahamut, funds with Fastex Pay, transactions on Fastex exchanges, NFTs within the ecosystem, gaming, and different Web3 purposes.
Fastex’s dad or mum firm, SoftConstruct, has operations throughout funds, gaming and IT infrastructure, giving FTN publicity past a single product line.
Bahamut blockchain statistics. Supply: FTN Scan
A tough 2025 for FTN
After a steep decline all through 2025, we’re seeing a pointy rise.
Earlier this 12 months, FTN traded above $2.00, however steadily bought off as follows:
- massive Unlock the token went into circulation
- Danger-off sentiment dominated altcoins
- Alternate issued warning together with MEXC’s ‘particular remedy’ label
By mid-December, FTN had misplaced greater than 90% of its worth, hitting all-time lows between $0.25 and $0.37. Many merchants had been writing off their tokens.
Why is Quick Token rising right now?
there was no single catalyst That is behind the speedy rise in FTN. Quite, a number of components could have mixed to trigger this motion.
FTN’s extended decline has created a extreme oversold scenario. As soon as the token hit an all-time low, patrons jumped in searching for a short-term restoration. In a skinny market, even modest purchases can result in giant value actions.
Fasttoken $FTN is up 216% within the final 24 hours 😲
for many who do not know
-> $FTN is the native crypto of Bahamut, a public EVM appropriate L1 blockchain
-> The undertaking is developed by SoftConstruct and is a part of the Fastex ecosystem
-> This token charted solely upward… pic.twitter.com/g1QsH0FP0f— Web3 AjaX 🦅🔥 (@Web3AjaX) December 18, 2025
Considerations arose earlier this month when MEXC flagged FTN for potential threat monitoring. No delisting occurred till mid-December. This sense of reduction appears to have inspired merchants who had beforehand held again.
FTN trades on a restricted variety of exchanges and liquidity is targeting a couple of exchanges. Low liquidity usually will increase volatility, and as soon as momentum is gained, costs can rise shortly.
The gathering coincided with new discussions about Fastex’s broader infrastructure, together with Bahamut, Fastex Pay, NFTs, and gaming integration. None of those developments had been new, however they confirmed the story as value momentum accelerated.
✨ Fasttoken ( $FTN ) is at the moment displaying important warning indicators.
Though the chart seems steady on the floor, the underlying knowledge tells a special story. Liquidity may be very skinny, with whole 24-hour quantity throughout all chains being solely about $3 million. That’s not sufficient… https://t.co/utfR6yfjHz
— Kryptotalker (@kryptotalker) November 20, 2025
No massive bulletins, volatility stays excessive
Regardless of the sharp rise, there have been no official updates, partnerships, or protocol adjustments introduced on December 18th. This implies that this rally was primarily pushed by technical rebound, market sentiment, and short-term hypothesis.
Most notably, Fasttoken’s X (previously Twitter) account is inactive From late September.
Fasttoken’s final X publish was in September
Analysts warn that such a rebound after a pointy selloff could possibly be unstable. FTN nonetheless faces future token unlocks and might want to present sustained utilization development to assist greater valuation.
Thus far, Quick Token’s surge stands out as probably the most dramatic strikes within the cautious crypto market, however its sturdiness stays unsure.
The article Fasttoken rises nearly 200% regardless of bearish crypto market appeared first on BeInCrypto.
