The bankruptcy sector suddenly surged collectively, with USTC soaring 78% in a single day. Could this be due to expectations of an SBF pardon gaining traction?

Question

[Crypto World] On December 7, an interesting phenomenon was noticed: coins in the bankruptcy sector concept saw collective movement. USTC surged over 78% in a single day, with its market cap shooting up to $69.35 million; LUNA also saw a strong gain of just over 39%, with its market cap returning to $160 million; LUNC and FTT rose by 19% and 18% respectively, with market caps standing at $363 million and $234 million.

This rally may be related to a recent piece of news—a former cellmate of SBF received a pardon, and SBF himself has started to speak out more frequently. Some in the market are speculating whether he might also have a chance at a pardon. However, according to prediction market data, the odds on Polymarket for “Will Trump pardon SBF in 2025” are still at a very low level of around 2%. It seems that most people still don’t really believe this will happen.

ChainWallflower · Accepted Answer

78%? Bro, you really bet right this time, USTC is taking off directly.

These bankrupt coins are serious this round, feels like everyone is betting that SBF guy can really make a comeback.

Polymarket only gives it a 2% probability, which shows the market is still rational, don’t get rekt.

LUNA up 39% left me stunned, this bankruptcy sector really knows how to stir things up.

Wait, is this really just pardon speculation? Feels like it’s not that simple.

Bankrupt coins really dare, pumping like crazy, total gambler mentality.

So everyone’s basically sleepwalking, just hoping SBF gets pardoned to save the market.

These coins are pumping too insanely, there must be big money manipulating the market behind this.

Even with a 2% probability it can pump like this, I’m impressed.

The whole bankruptcy sector is moving together, definitely some major players are manipulating it.

TestnetScholar · Answer

Bankrupt coins skyrocketing? SBF pardon expectations? This plot is just too outrageous. Only a 2% chance and people still dare to get this hyped.

0xSleepDeprived · Answer

USTC up 78%, really that bold? Is this pardon expectation real or are we about to get dumped on again... People even believe in a 2% probability.

SeasonedInvestor · Answer

Starting to hype up pardon expectations again? I know this trick all too well. It was the same with LUNA last time, and what happened...

A 78% increase is probably just retail investors gambling again. Polymarket only gives it a 2% chance, are you really taking this seriously?

It's tough for bankrupt coins to make a comeback, don't get dumped on by the big players.

HallucinationGrower · Answer

So many people keep falling for the same bankrupt token hype tricks, time and time again.

SBF pardon? There's only a 2% chance and people are still dreaming about it—just treat it as a story.

USTC rises 78% and people start shouting, waiting for bag holders to step in.

This kind of news-driven pump is often a signal that retail investors are the last ones left holding the bag. Smart people should have already exited.

Prediction markets all say it's impossible, but some still insist on betting on that 2%. That's really gutsy.

These bankrupt sector tokens have no fundamentals—it's pure speculation. If things go wrong, it could get halved again.

BlockchainArchaeologist · Answer

USTC up 78%? The hype around this amnesty expectation is way overblown. Even with just a 2% probability, it can pump this hard. Retail investors are really destined to get rekt.