Fasttoken Sees Dramatic 200% Surge Amid Bearish Crypto Market

On December 18, Fasttoken (FTN), the native cryptocurrency of the Fastex ecosystem, experienced a remarkable increase of nearly 200%, standing out in a predominantly declining crypto market.

Key Takeaways

Fasttoken (FTN) surged nearly 200% on December 18 amid a bearish crypto environment.
FTN is the utility token for the Fastex ecosystem, powered by SoftConstruct and leveraged on the Bahamut blockchain.
The token’s rally followed a severe decline in value, with many traders losing faith earlier in 2025.
No specific catalyst drove the surge; instead, it was likely a mix of technical factors and market sentiment.
Analysts caution about high volatility amidst FTN's price recovery and lack of major announcements or developments.

Fasttoken's price soared from approximately $0.37 to over $1.30 within a single day, firmly placing it among the top-performing cryptocurrencies of the day. This sudden uptrend occurred without any significant announcements, indicating that the movement was more driven by technical factors and market sentiment than by underlying fundamental changes.

Understanding Fasttoken (FTN)

Fasttoken serves as the utility token for the Fastex ecosystem, which is developed by SoftConstruct. It operates on the Bahamut blockchain, an EVM-compatible Layer-1 network that employs a Proof-of-Stake and Activity (PoSA) consensus mechanism.

The FTN token is utilized for transaction fees, staking on the Bahamut network, making payments through Fastex Pay, and trading on the Fastex exchange, as well as for various NFT, gaming, and other Web3 applications within the ecosystem. SoftConstruct, the parent company of Fastex, has a diverse portfolio that spans payments, gaming, and IT infrastructure, thereby providing FTN visibility across multiple sectors.

FTN Faces Challenges in 2025

This impressive rally comes on the heels of a tough year for FTN. Earlier in 2025, the token was trading above $2.00 but suffered a steady decline. By mid-December, FTN had lost more than 90% of its value, reaching all-time lows between $0.25 and $0.37, leading many traders to abandon hopes for a recovery.

Factors Behind Fasttoken's Recent Rally

No singular event triggered FTN's sudden rise. Instead, a combination of factors likely contributed to this surge. After a prolonged downtrend, FTN entered deeply oversold territory. As the token hit record lows, buyers began to step in, seeking a short-term rebound. In less active markets, even small buy orders can lead to significant price fluctuations.

Fasttoken ($FTN) has risen by 216% in the past 24 hours 😲

For anyone who may not know:
-> $FTN is the native cryptocurrency of Bahamut, an EVM-compatible public Layer-1 blockchain
-> The project is developed by SoftConstruct and is part of the Fastex ecosystem
-> Recently, this token has been exhibiting upward trending charts… pic.twitter.com/g1QsH0FP0f — Web3 AjaX 🦅🔥 (@Web3AjaX)

Earlier this month, MEXC raised alerts regarding FTN for potential risk monitoring. By mid-December, however, no delisting happened, and this news likely gave confidence to previously hesitant traders. FTN trades on a limited range of exchanges, with a concentrated liquidity pool. Low liquidity can amplify volatility, allowing prices to rise swiftly when momentum builds.

Additionally, the recent rally coincided with renewed discussions around the broader Fastex infrastructure, including Bahamut, Fastex Pay, and gaming and NFT integrations. Although these developments were not new, they provided narrative support as price momentum gained traction.

The chart may appear stable at first glance, but the underlying data presents a different scenario. With only about $3 million in total 24-hour trading volume across all platforms, liquidity is exceedingly low—a concerning sign…

No Major News, High Volatility Persists

Despite the significant rise in price, there were no formal announcements, partnerships, or protocol updates made on December 18. This indicates that the rally was primarily driven by technical adjustments, market psychology, and short-term speculation.

Importantly, Fasttoken's social media presence on X (formerly Twitter) has been inactive since late September.

Analysts warn that rebounds after sharp declines can lead to volatile conditions. FTN still faces future token unlock events and must demonstrate consistent growth in usage to sustain higher valuations.

At present, Fasttoken's surge is one of the most notable movements in a typically cautious crypto market, though its longevity remains to be seen.