In a critical development, the fallen cryptocurrency exchange FTX is set to distribute approximately $1.6 billion to its creditors on September 30. This marks the third major payout within the firm’s ongoing bankruptcy restructuring process, as the native token FTT struggles beneath key psychological thresholds.
FTX Creditors to Receive $1.6 Billion Payout
FTX, the now-defunct cryptocurrency platform, is preparing for a significant distribution to its creditors, set for tomorrow, September 30. This payout, totaling about $1.6 billion, is part of the third major distribution in the company’s bankruptcy restructuring efforts following its collapse in late 2022.
This upcoming distribution targets creditors involved in non-commodity claims and meets all prerequisites for payout. However, as the distribution approaches, FTT, the native token of FTX, has fallen below the crucial psychological level of $1, trading at $0.9424 — down slightly from earlier highs of $1.20 observed this week. This decline comes even as most other tokens have started to recover.
FTT Struggles Below $1 Amid Market Reactions
The decline in FTT below $1 has sparked concern among investors, especially with the impending payout triggering potential selling pressure. The token traded at $0.9487, witnessing a significant increase of over 70% in trading volume, indicating heightened trading activity.
Market analysis suggests that these bearish indicators may reflect traders’ apprehension surrounding future price movements following the payouts. Currently, FTT lacks practical utility and is largely driven by speculative trading, suffering from uncertainties regarding its future roles after FTX’s collapse.
Weekly Gains Remain Strong Despite Volatility
Despite the current bearish market sentiments, FTT has demonstrated resilience over the past week, gaining over 13%. This upward trajectory follows a remarkable recovery last week, where the token saw a massive 60% increase in a single day on September 24, coinciding with an unexpected message from Sam Bankman-Fried’s previous social media account.
$FTT jumped nearly 60%after a simple “gm” was posted from SBF’s old X account.
(It wasn’t him – a friend said they were using the account.)Still, that one word was enough to send traders rushing in.
Shows how much this market runs on hype and vibes, not logic. pic.twitter.com/SF8IHaCzul— Master of Crypto (@MasterCryptoHq) September 24, 2025
This simple greeting, meaning “good morning,” ignited a trading frenzy as it marked the first communication from Bankman-Fried since the start of the year. After the message, FTT surged to weekly highs of $1.20, underlining its sensitivity to developments related to FTX and its controversial founder.
Future Outlook for FTT Prices
Looking ahead, FTT is poised for increased volatility as creditors prepare for their next compensation. Technical indicators suggest potential recoveries above the $1 mark, with analyst Dark Pro Trader forecasting bullish movements amidst the creditor payments.
Key support for FTT stands at $0.78, while the upcoming $1.6 billion payout could generate temporary demand for the native token. This surge could allow FTT to target weekly highs of $1.20 and ultimately strive for a notable resistance area around $1.30, representing a potential increase of approximately 27% from its current market price.
John is a seasoned journalist at The Bothside News, specializing in balanced reporting across news, sports, business, and lifestyle. He believes in presenting multiple perspectives to help readers form informed opinions. His work embodies the publication’s philosophy that truth emerges from examining all sides of every story.
