{"id":60262,"date":"2025-09-29T16:01:51","date_gmt":"2025-09-29T16:01:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ftt-price-on-the-edge-as-ftx-creditors-brace-for-1-6b-payout-on-sept-30\/"},"modified":"2025-09-29T16:01:51","modified_gmt":"2025-09-29T16:01:51","slug":"ftt-price-on-the-edge-as-ftx-creditors-brace-for-1-6b-payout-on-sept-30","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ftt-price-on-the-edge-as-ftx-creditors-brace-for-1-6b-payout-on-sept-30\/","title":{"rendered":"FTT price on the edge as FTX creditors brace for $1.6B payout on Sept. 30"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1637054240358-08704dd6-953f-4db4-9795-d9e057010e57-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1637054240358-08704dd6-953f-4db4-9795-d9e057010e57-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1637054240358-08704dd6-953f-4db4-9795-d9e057010e57-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1637054240358-08704dd6-953f-4db4-9795-d9e057010e57-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>FTX creditors will receive $1.6B in reimbursement tomorrow.<\/li>\n<li>This is the 3rd major distribution in the bankrupt firm\u2019s restructuring program.<\/li>\n<li>FTT has lost $1 psychological mark after hitting $1.20 peaks this week.<\/li>\n<\/ul>\n<p>The defunct cryptocurrency exchange, FTX, is set to distribute roughly $1.6 billion to its creditors in its Third Distribution round on September 30.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-338877\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/09\/FTX-X-Post.jpg\" alt=\"\" width=\"1053\" height=\"360\"\/><\/p>\n<p>The move marks a significant step in the exchange\u2019s bankruptcy process following the late 2022 collapse.<\/p>\n<p>Meanwhile, tomorrow\u2019s payout represents the third disbursement to date and targets non-convenience and convenience class claim creditors who meet all pre-distribution necessities.<\/p>\n<p>FTX\u2019s native token has lost a crucial level ahead of the massive distribution.<\/p>\n<p>It trades at $0.9424 after mild bearishness in the past day.<\/p>\n<p>FTT has underperformed as most tokens rallied on Monday.<\/p>\n<h2>FTT drops below $1<\/h2>\n<p>FTX\u2019s native token dipped below $1 as investors brace for relief.<\/p>\n<p>FTT always reacts to developments associated with the insolvent exchange.<\/p>\n<p>While the crypto market reversed today, FTT weakened at the $1 psychological mark.<\/p>\n<p>It is trading at $0.9487, with an over 70% surge in trading volume signaling increased trader activity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-338875\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/09\/FTT-1D-Chart.jpg\" alt=\"\" width=\"1046\" height=\"435\"\/><\/p>\n<p>The bearish hints could indicate traders bracing for potential sell pressure once the reimbursement begins.<\/p>\n<p>Moreover, the price fluctuation reflects lingering uncertainty around FTT\u2019s use cases and roles after the FTX debacle.<\/p>\n<p>The altcoin has no utility at the moment. No longer supported by a running trading platform, FTT survives on speculation.<\/p>\n<h2>Weekly gains still intact<\/h2>\n<p>While bears fight to control daily trends, the weekly chart paints a bullish story.<\/p>\n<p>FTT holders have seen their holdings increase by over 13% in the last seven days.<\/p>\n<p>The upward trajectory follows a sharp rally last week.<\/p>\n<p>The digital coin recorded a 60% single-day rally on September 24.<\/p>\n<p>The dramatic jump came after <a href=\"https:\/\/coinjournal.net\/news\/ftx-token-soars-after-jailed-former-ceo-bankman-frieds-post-on-x\/\">Sam Bankman-Fried\u2019s X handle unexpectedly broke its silence with a \u201cgm\u201d post<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24FTT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FTT<\/a> jumped nearly 60% after a simple \u201cgm\u201d was posted from SBF\u2019s old X account.<br \/>\u2070(It wasn\u2019t him \u2013 a friend said they were using the account.)<\/p>\n<p>Still, that one word was enough to send traders rushing in.<br \/>\u2070Shows much this market runs on hype and vibes, not logic. <a href=\"https:\/\/t.co\/SF8IHaCzul\">pic.twitter.com\/SF8IHaCzul<\/a><\/p>\n<p>\u2014 Master of Crypto (@MasterCryptoHq) <a href=\"https:\/\/twitter.com\/MasterCryptoHq\/status\/1970740902282006865?ref_src=twsrc%5Etfw\">September 24, 2025<\/a><\/p>\n<\/blockquote>\n<p>The simple message, which means \u201cgood morning, sparked frenzy as it was the first post since early this year.<\/p>\n<p>FTT rallied to the $1.20 weekly highs after the X post.<\/p>\n<p>The wild price more reflected how sensitive FTT is to any developments linked to FTX and its controversial founder, SBF.<\/p>\n<h2>What\u2019s next for FTT\u2019s price?<\/h2>\n<p>The altcoin remains poised for heightened volatility as creditors prepare for their upcoming compensation.<\/p>\n<p>Meanwhile, technical indicators suggest potential recoveries above $1.<\/p>\n<p>Analyst Dark Pro Trader anticipates bullish moves amidst the creditor payments.<\/p>\n<p>He highlighted a 4-hour chart, which demonstrates a mix of tentative upswings and sharp volatility.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-338876\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/09\/FTTUSD-Chart-by-Dark-Pro.jpg\" alt=\"\" width=\"679\" height=\"304\"\/><\/p>\n<p>FTT has a key support barrier at $0.78.<\/p>\n<p>The upcoming $1.6 billion in creditor payout might create short-lived demand for the native token.<\/p>\n<p>That might see it targeting weekly highs at $1.20 and clear the path to the notable resistance zone at $1.30.<\/p>\n<p>Such an uptrend would translate to an approximately 27% uptick from FTT\u2019s current market price.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ftt-price-on-the-edge-as-ftx-creditors-brace-for-1-6b-payout-on-sept-30\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) FTX creditors will receive $1.6B in reimbursement tomorrow. This is the 3rd major distribution in the bankrupt firm\u2019s restructuring program. FTT has lost $1 psychological mark after hitting $1.20 peaks this week. The defunct cryptocurrency exchange, FTX, is set to distribute [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":60263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60262"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=60262"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/60263"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=60262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=60262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=60262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}