A survey by NFTEvening, in collaboration with Storible, revealed that 79% of FTX creditors interviewed intend to reinvest the repayment back into crypto. This result reflects a strong commitment to the cryptocurrency sector, despite the losses.
Summary
FTX Creditors and the Choice to Reinvest the Refund in Crypto
NFTEvening, in collaboration with Storible, interviewed 1,016 FTX creditors on February 19, 2025, asking them how they intend to use their reimbursement.
From what has emerged, it seems that 79% of FTX creditors have stated that they will reinvest in cryptocurrencies, revealing the strong commitment towards the crypto sector despite the losses incurred.
In terms of sums of money, it has been found that such investments in crypto are on average 29% of the reimbursement funds.
Among the various cryptos, the choice to invest in the crypto Solana (SOL) stands out and in its ecosystem. In fact, 62% of FTX creditors stated they want to purchase SOL with their reimbursement. Moreover, 44% stated they would reinvest in Solana-based projects.
In terms of blockchain and ecosystems, the podium of the most chosen cryptos by FTX creditors sees Ethereum (ETH) in second place, with 31%. In third place, however, there is 16% of FTX creditors who stated they prefer projects based on BNB.
FTX Creditors: Solana, Ethereum, and BNB, but also memecoin and AI crypto
According to the overall survey results, it seems that the trend among FTX creditors who are recovering their funds after two years is to continue believing in the crypto sector.
Therefore, leading the way are the ecosystems of Solana, Ethereum, and BNB. Yet, there are also other choices that have made their way into this particular survey.
In fact, even though in smaller quantities, the creditors of FTX have revealed a strong interest in reinvesting their repayments in the memecoin and AI crypto categories as well.
In fact, the survey found that one-third of FTX creditors are targeting memecoins, while 31% want to prioritize AI-related crypto (AI).
“`htmlOn February 18, the failed crypto-exchange FTX announced that it had started the first cycle of reimbursements. Creditors would see their funds returned within 1-3 business days from that date.
“`Not only that, in addition to this “initial distribution,” FTX also announced the date of the “next distribution.” Admitted creditors will be able to complete their registration by April 11, 2025, and then, if approved, they will receive their funds on May 30, 2025.
Supporting FTX with the distribution of refunds are Kraken and BitGo.
The prices of SOL, ETH, and BNB
While Bitcoin is not even mentioned in the survey, the new crypto investments by FTX creditors could lead to positive consequences for the prices of SOL, ETH, and BNB, both directly and indirectly.
In any case, looking at the current price charts, SOL, ETH, and BNB are currently a bit far from their prices a month ago.
With the bull run driven by Trump’s victory in the USA presidential elections in November 2024, SOL had reached highs of over $260, ETH over $4000, and BNB over $750.
In this month of February 2025, the general situation of the crypto market has somewhat adjusted. SOL has dropped to reach lows of $165, ETH $2,520, and BNB $545.
