SBF’s ‘gm’ Tweet Sparks Hypothesis of Comeback Amidst New Solana-Primarily based Perp Dex

A “gm” tweet from Sam Bankman-Fried has sparked hypothesis of his crypto comeback, linking him to a brand new Solana-based perpetual futures DEX launched by a former FTX COO.

The undertaking is utilizing a “tokenless” mannequin that rewards customers with factors, drawing parallels to SBF’s previous success with the “Solana playbook.”

The Solana Playbook

The SBF connection gained momentum after he broke months of silence with a easy “gm” put up from his official X deal with, which rapidly went viral. The timing additionally overlapped with a rally within the ASTER token, drawing parallels with SBF’s notorious early wager on Solana in his 2023 trial testimony.

At his 2023 legal trial, SBF testified that he had invested in Solana (SOL) at $0.20 per token, which elevated to over $15 billion at its peak. That achieve drove FTX’s early success and later downfall, because the token’s decline added to the trade’s liquidity disaster.

With ASTER’s latest rampage, some observers see similarities to that playbook. The query is whether or not the rally is random, or if SBF or folks in his interior circle may very well be peripherally concerned in making an attempt to replay the Solana commerce.

The Tokenless Experiment

Pacifica is a Solana everlasting DEX with leveraged buying and selling, however the twist is that it’s a tokenless launch. As a substitute of launching a cryptocurrency, it rewards customers weekly with 500,000 factors unlocked every Thursday.

It is a rising development in DeFi, the place builders construct liquidity and person bases quietly, usually hinting at a future token airdrop.

Crypto Twitter claims the undertaking is run by a former FTX COO. Constance Wang held the position earlier than the collapse of FTX, however whether or not she is actively concerned within the undertaking  has not been verified but.

On September 23, 2025, Bankman-Fried’s “gm” tweet went viral in a single day: 7 million views, 16,000 likes, and hundreds of reposts in hours. “Gm” is a crypto tradition shorthand greeting, however with this tweet, it had symbolic significance. From crypto’s most divisive character, it excited and enraged the group, re-opening questions on his potential position within the subsequent cycle.

The surge in rumors linking Pacifica, ASTER, and SBF has gotten intense consideration. If hypothesis proves true and FTX insiders return to DeFi, it may appeal to scrutiny from regulators and the $8 billion in FTX collapse victims. But, crypto markets have an extended historical past of embracing redemption narratives, with merchants usually keen to take a position on new ventures no matter their founders’ pasts.

To date, the connections stay circumstantial “dots,” in keeping with one analyst, however even oblique ties to SBF are sufficient to stir markets. Whether or not Bankman-Fried is actively shaping Pacifica or solely influencing from afar, the timing of his viral tweet, ASTER’s pump, and the launch of a tokenless Solana perpetual DEX has triggered widespread hypothesis throughout the crypto group.