FTX creditors will receive a $1.6 billion refund tomorrow. This is the third major distribution in the bankruptcy restructuring program. The FTT lost its $1 psychological mark after peaking at $1.20 this week.
FTX, the Defunct Cryptocurrency Exchange, is set to distribute approximately $1.6 billion to creditors in its third distribution round on September 30th.
The move marks a key step in the exchange’s bankruptcy process following the collapse of late 2022.
Meanwhile, tomorrow’s payment represents the third payment so far, targeting creditors for debt and convenience claims that meet all pre-distribution essentials.
FTX native tokens have lost more important levels than large distributions.
It trades for $0.9424 after a mild bearish on the past day.
FTT has been performing poorly as most tokens recovered on Monday.
FTT is below $1
FTX’s native tokens fell below $1 as investors brace for bail.
FTT is constantly responding to developments related to bankruptcy exchanges.
The crypto market has reversed today, but the FTT has been weakened by a psychological mark of $1.
It is trading at $0.9487, with trader activity increasing with volume signaling exceeding 70%.
Bearish tips may indicate that once the refund begins, traders are embellished in response to potential selling pressure.
Furthermore, price fluctuations reflect lingering uncertainty regarding FTT use cases and roles following the FTX fiasco.
Altcoin currently does not have a utility. FTT survives on speculation as it is no longer supported by running trading platforms.
The weekly profits are still there
The weekly charts depict bullish stories as the bear fights to control daily trends.
FTT holders have seen their shares increase by more than 13% over the past seven days.
The upward trajectory follows a sharp rally last week.
Digital Coin recorded a 60% daytime rally on September 24th.
A dramatic jump happened after Sam Bankman-Fried’s X handle unexpectedly broke the silence in a “GM” post.
$FTT jumped nearly 60% after a simple “GM” was posted from SBF’s old X account.
⁰ (It wasn’t him – my friend said they were using the account.)Still, that one word was enough to rush the traders.
This market runs with hype and atmosphere, not logic. pic.twitter.com/sf8ihaczul– Master of Cryptohq (@mastercryptohq) September 24, 2025
“Good morning, it was my first post from the beginning of the year, which caused a frenzy.
The FTT rallied at a weekly high of $1.20 after the X-Post.
Wild prices are more reflective of how sensitive FTT is to developments linked to FTX and its controversial founder SBF.
What’s next for FTT prices?
Altcoin is poised to increase volatility as creditors prepare for future compensation.
Meanwhile, technical indicators suggest a potential recovery of more than $1.
Analyst Dark Pro traders anticipate bullish moves amid creditor payments.
He highlighted the four-hour chart. This shows a mix of tentative rise and sharp volatility.
FTT has an important support barrier of $0.78.
The upcoming $1.6 billion creditor payments could create short-lived demand for native tokens.
This could target weekly highs at $1.20 and clear the path to a prominent resistance zone for $1.30.
This upward trend leads to an increase of approximately 27% from the current market price of FTT.
