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Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

FTX Repayment Strategy: Why Creditors Are Doubling Down on Solana

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FTX Repayment News Who’s Getting Paid First and When

The post FTX Repayment Strategy: Why Creditors Are Doubling Down on Solana appeared first on Coinpedia Fintech News

The FTX collapse was one of the biggest blows to the crypto market, but many creditors are now looking at it as an opportunity rather than a setback. A new survey reveals that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 62% Solana, 44% backing Solana projects, one-third into meme coins, and AI tokens being the top picks. This came after Trump showed his interest in meme, AI and Solana also the new SEC panel is creating a bullish scenario.

Solana Leads the Reinvestment Wave

According to the survey by NFTevening partnering with Storible, out of 1016 respondents, 62% of creditors are eager to buy Solana, seeing it as a top contender for the next bull run. Despite the LIBRA rug pull and Meteora scandal, 44% of FTX creditors still plan to reinvest in Solana projects. 

Interestingly, the survey’s structure suggests a strong bias toward Solana supporters. Only those with at least 10% of their portfolio in Solana or those holding $100 worth of SOL for over a year were eligible to participate. This raises questions about whether the results truly reflect the broader pool of FTX creditors or if they mainly capture the sentiment of dedicated Solana investors. Notably, Solana has remained a popular choice despite its recent price fluctuations.

Others in the Pool Party 

Meme coins and AI tokens are also on the radar, as investors chase high-risk, high-reward opportunities. Ethereum ranks second, with 31% allocating funds to its ecosystem, while 16% favor BNB Chain and 9% explore other networks.

Meanwhile, the next FTX repayment is set for May 30, covering more creditors, while claims must be verified by April 11 to qualify.

Beyond the survey, FTX creditors’ reinvestment plans also depend on market conditions. If Solana drops below $145, 71% of them plan to hold or buy more, showing strong faith in the asset’s long-term potential. This suggests that despite past losses, many investors are still willing to double down on Solana rather than cash out.

Meme coins and AI tokens, which also went down in February, could also benefit from this reinvestment wave. If even a portion of the funds flow into these assets, it could breathe new life into these booming sectors that have struggled to maintain momentum.

Is This a True Bullish Signal?

While the survey paints a bullish picture, it’s essential to take it with a grain of salt. The results mainly reflect the views of Solana-heavy investors, and it’s unclear whether the broader FTX creditor base shares the same enthusiasm. However, the fact that so many creditors are planning to reinvest rather than exit the market shows that confidence in crypto remains strong.

So whether Solana and meme coins can capitalize on this trend remains to be seen, but one thing is clear—FTX creditors are far from giving up on crypto.

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