Fasttoken Rallies Nearly 200% Despite Bearish Crypto Market
Fasttoken (FTN), the native token of the Fastex ecosystem, surged nearly 200% on December 18, sharply outperforming the broader crypto market, which remained largely in the red.
FTN jumped from around $0.37 to above $1.30 within 24 hours, making it one of the day’s top-performing cryptocurrencies. The rally occurred without any major announcement, pointing to a technical and sentiment-driven move rather than a fundamental revaluation.
Fasttoken Rallies Over 180% on December 18. Source: CoinGecko
What Is Fasttoken (FTN)?
Fasttoken is the utility token of the Fastex ecosystem, developed by SoftConstruct. It powers the Bahamut blockchain, an EVM-compatible Layer-1 network that uses a Proof-of-Stake and Activity (PoSA) consensus model.
FTN is used for transaction fees and staking on Bahamut, payments via Fastex Pay, trading on the Fastex exchange, and NFTs, gaming, and other Web3 applications within the ecosystem
SoftConstruct, Fastex’s parent company, operates across payments, gaming, and IT infrastructure, giving FTN exposure beyond a single product line.
Bahamut Blockchain Stats. Source: FTN Scan
A Difficult 2025 for FTN
The sharp rally follows a brutal decline throughout 2025.
Earlier this year, FTN traded above $2.00, but steadily sold off as:
- Large token unlocks entered circulation
- Risk-off sentiment dominated altcoins
- Exchanges issued warnings, including MEXC’s “Special Treatment” label
By mid-December, FTN had lost over 90% of its value, briefly touching all-time lows between $0.25 and $0.37. Many traders had written the token off.
Why is Fasttoken Rallying Today?There was no single catalyst behind FTN’s sudden surge. Instead, several factors likely combined to trigger the move.
FTN’s prolonged sell-off created deeply oversold conditions. As the token hit all-time lows, buyers stepped in looking for a short-term recovery play. In thin markets, even moderate buying can lead to outsized price moves.
Fasttoken $FTN is up 216% in the last 24 Hours