Fasttoken (FTN), the native token of the Fastex ecosystem, experienced an almost 200% surge on December 18, challenging the completely red cryptocurrency market.
FTN rose from approximately $0.37 to above $1.30, becoming one of the day's top-performing cryptocurrencies. This increase occurred independently of any significant announcement; we are facing a movement focused on technical and investor sentiment rather than a fundamental valuation.
Fasttoken is used as a utility token in the Fastex ecosystem developed by SoftConstruct. FTN powers the Bahamut blockchain, an EVM-compatible Layer 1 network, and is based on the Proof-of-Stake and Activity (PoSA) consensus model.
FTN is used for transaction fees and staking on Bahamut, payments with Fastex Pay, trading on the Fastex cryptocurrency exchange, NFTs, games, and Web3 applications within the ecosystem.
Fastex's parent company SoftConstruct operates in various sectors such as payment systems, gaming, and IT infrastructure; thus, FTN has a wide position without being tied to a single product line.
This sharp rally came after a severe decline throughout 2025.
At the beginning of the year, FTN was trading above $2.00, but it experienced continuous selling pressure due to the following factors:
Large token unlocks entering circulation
A risk-averse atmosphere dominating altcoins
Warnings made by some cryptocurrency exchanges; including MEXC's 'Special Treatment' label
By mid-December, FTN had lost more than 90% of its value, briefly dropping to an all-time low (ATL) range of $0.25 – $0.37. Many traders had completely written off the token.
Why is Fasttoken Rising Today?
There was not a single trigger behind the sudden rise in FTN. Instead, it appears that multiple factors triggered this movement.
The prolonged selling wave in FTN created oversold conditions. As the token approached its all-time low levels, buyers looking for short-term recovery opportunities stepped in. Even moderate purchases in low liquidity environments can lead to rapid price jumps.
Earlier this month, concerns in the market increased after MEXC marked FTN for monitoring as a risky token. However, no delisting occurred in mid-December. This sense of relief may have drawn waiting traders back into the market.
FTN is traded on a limited number of platforms, and liquidity is concentrated in a few cryptocurrency exchanges. The lack of liquidity increases volatility; when momentum is gained, prices can rise sharply in a short time.
The rally also coincided with renewed discussions around Fastex's infrastructure projects, such as Bahamut, Fastex Pay, NFTs, and game integration. Although none of these developments are new, they have created narrative support as price momentum strengthened.
No Major Announcement: Volatility Remains High
Despite this strong rally, no official update, collaboration, or protocol change was announced on December 18. This indicates that the rally is largely driven by technical recovery, market psychology, and short-term speculation.
Moreover, Fasttoken's X (formerly Twitter) account has been completely silent since the end of September.
Fasttoken's Last Post on X Was Made in September
Analysts point out that rapid increases following such sharp declines are prone to volatility. FTN still has new token unlocks ahead, and it must prove its growth in real use cases for upper levels to be sustainable.
For now, this sudden increase in Fasttoken is noticeable in the stagnant cryptocurrency market, but it remains uncertain whether this movement will be permanent.