Fasttoken (FTN), the native token of the Fastex ecosystem, surged nearly 200% on December 18, significantly outperforming the broader cryptocurrency market, which remained largely in the red.
FTN rose from about $0.37 to over $1.30 in less than 24 hours, making it one of the best-performing cryptocurrencies of the day. This rally occurred without any major announcements, indicating a move driven by technicals and sentiment rather than a fundamental reassessment.
Fasttoken rose over 180% on December 18th. Source: CoinGecko
What is Fast Token (FTN)?
Fasttoken is a utility token of the Fastex ecosystem developed by SoftConstruct. It powers the Bahamut blockchain, an EVM-compatible layer 1 network that uses the Proof-of-Stake and Activity (PoSA) consensus model.
FTN is used for transaction fees and staking on Bahamut, payments with Fastex Pay, transactions on Fastex exchanges, NFTs in the ecosystem, gaming, and other Web3 applications.
Fastex’s parent company, SoftConstruct, has operations across payments, gaming and IT infrastructure, giving FTN exposure beyond a single product line.
Bahamut blockchain statistics. Source: FTN Scan
A difficult 2025 for FTN
After a steep decline throughout 2025, we are seeing a sharp rise.
Earlier this year, FTN traded above $2.00, but steadily sold off as follows:
- big Unlock the token went into circulation
- Risk-off sentiment dominated altcoins
- Exchange issued warning including MEXC’s ‘special treatment’ label
By mid-December, FTN had lost more than 90% of its value, hitting all-time lows between $0.25 and $0.37. Many traders were writing off their tokens.
Why is Fast Token rising today?
there was There is no single catalyst This is behind the rapid rise in FTN. Rather, several factors may have combined to cause this movement.
FTN’s prolonged decline has created a severe oversold situation. Once the token hit an all-time low, buyers jumped in looking for a short-term recovery. In a thin market, even modest purchases can lead to large price movements.
Fasttoken $FTN is up 216% in the last 24 hours 😲
for those who don’t know
-> $FTN is the native crypto of Bahamut, a public EVM compatible L1 blockchain
-> The project is developed by SoftConstruct and is part of the Fastex ecosystem
-> This token charted only upward… pic.twitter.com/g1QsH0FP0f— Web3 AjaX 🦅🔥 (@Web3AjaX) December 18, 2025
Concerns arose earlier this month when MEXC flagged FTN for potential risk monitoring. No delisting occurred until mid-December. This sense of relief seems to have encouraged traders who had previously held back.
FTN trades on a limited number of exchanges and liquidity is concentrated on a few exchanges. Low liquidity often increases volatility, and once momentum is gained, prices can rise quickly.
The gathering coincided with new discussions about Fastex’s broader infrastructure, including Bahamut, Fastex Pay, NFTs, and gaming integration. None of these developments were new, but they confirmed the story as price momentum accelerated.
✨ Fasttoken ( $FTN ) is currently showing significant warning signs.
Although the chart looks stable on the surface, the underlying data tells a different story. Liquidity is very thin, with total 24-hour volume across all chains being only about $3 million. That’s not enough… https://t.co/utfR6yfjHz
— Kryptotalker (@kryptotalker) November 20, 2025
No big announcements, volatility remains high
Despite the sharp rise, there were no official updates, partnerships, or protocol changes announced on December 18th. This suggests that this rally was primarily driven by technical rebound, market sentiment, and short-term speculation.
Most notably, Fasttoken’s X (formerly Twitter) account is inactive From late September.
Fasttoken’s last X post was in September
Analysts warn that such a rebound after a sharp selloff could be unstable. FTN still faces future token unlocks and will need to show sustained usage growth to support higher valuation.
So far, Fast Token’s surge stands out as one of the most dramatic moves in the cautious crypto market, but its durability remains uncertain.
The article Fasttoken rises almost 200% despite bearish crypto market appeared first on BeInCrypto.
