Regarding the speculation on X about FTX founder SBF possibly receiving a presidential pardon from Biden, Musk responded on the X platform, stating: "I would be shocked if this doesn't happen." The tweet suggests that this speculation may be related to the fact that FTX founder SBF was the second-largest donor to the Democratic Party. However, on one prediction market, the probability of Biden pardoning SBF is only 5%.

Affected by this news, #FTT quickly rose in the short term; has the market reached a point where it reacts to every rumor?