Crypto

FTX Repayments Could Impact Crypto on a Monumental Scale and Presales like Best Wallet Token


Este artículo también está disponible en español.

The FTX saga has entered yet another chapter since the exchange collapsed nearly three years ago. The company has begun repaying an estimated $1.2B to its first wave of former FTX users.

The news could have a significant impact not only on the users but on the entire crypto industry as well. Meme coins with utility such as Best Wallet Token are poised to become one of the biggest beneficiaries, as we’ll discuss further in this article.

First, let’s talk about the FTX repayments.

Repayments Begin, Possibly More on the Way

Starting February 18 at 3:00 pm UTC, the exchange has repaid the first batch of over 1,500 former FTX users. This group covers those owed $50K or less.

While the repayment is already an eye-watering amount, it’s still a drop in the bucket compared to the total payouts FTX may have to settle. This could balloon to over $16B if all users file claims.

FTX’s collapse in November 2022 seems like ancient history now, but it sent shockwaves across the crypto industry.

This is partly because of the exchange’s size. Having over 130 subsidiaries meant that the event had a domino effect, which led to bankruptcies and job cuts within these firms.

It also had a major impact on Bitcoin’s value. The world’s most valuable cryptocurrency slipped to around $16K during this period after a previous high of nearly $65K.

Bitcoin drops to $16K

Regulators have reacted swiftly too, and have taken a stricter approach towards crypto as a result. The United States, for instance, has fined exchanges like Binance, which was ordered to pay over $4B in 2023.

Meanwhile, FTX’s former CEO Sam Bankman-Fried is currently serving a 25-year prison sentence for stealing his customers’ money from the exchange.

How the FTX Repayments Will Impact the Market

The $1.2B payout is a considerable sum. As such, a portion of this could be reinvested into the crypto market, helping boost demand, especially for meme coins like Best Wallet Token.

In addition, the repayments could restore confidence in crypto’s reputation battered by the FTX debacle. Investors who have since become bearish due to the exchange’s collapse may once again have reason to dip their toes into crypto.

Not everyone can be expected to be happy with the good news, though.

That’s because users will be paid according to crypto prices during the time when FTX went bankrupt, plus a 9% interest per annum. $BTC holders will be particularly unhappy since the digital currency’s value has grown nearly 400% since 2022.

Life After FTX

The crypto market has changed significantly since the FTX collapse. The number of meme coins and token presales, for example, has boomed, giving investors more options to grow their money.

One of the best presales today is the Best Wallet Token ($BEST). The project, spearheaded by the creators of the top-notch crypto wallet, promises to deliver exclusive benefits to its token holders.

Best Wallet Token presale

For one, users will be able to vote on key decisions that affect the Best Wallet ecosystem. If you love the product and want to make it better, holding $BEST tokens will make your voice heard.

Aside from that, investors will have first dibs on the team’s new projects and future token releases. This can help you buy coins while they’re still cheap and get an edge over non-token holders.

Finally, you can enjoy lower transaction fees and higher APY staking opportunities when you have $BEST.

Coinsult has already audited Best Wallet Token in November 2024 in which no major issues were found. This makes it a secure and reliable project to invest in without the risks associated with some token presales.

The project has raised over $10.2M to date, making it one of the hottest new cryptocurrencies of 2025. You can still grab $BEST for only $0.02405 each, but the price is about to increase again in less than two days, so the sooner you purchase, the better.

A Word of Advice Before You Invest

The crypto market is highly volatile, as we’ve seen with $BTC prices over the past several years. Because of this, do your own research before you invest, and never put down money you can’t afford to lose.

Also, consider consulting with a financial advisor about your financial decisions. Please use the information in this article for educational purposes only and not as investment advice.


Source link

Back to top button

Sweet Bonanza

Baccarat Online

Lucky Neko

Slot88

Slot777

Slot Bet 100

Slot777

Slot777

slot bonus

slot gacor gampang menang

sbobet88

sbobet88

daftar slot777

sbobet88

slot starlight princess

sbobet88

slot777 gacor

slot gacor

slot joker123

pragmatic play

bonus new member

slot gacor

pragmatic play

slot deposit qris

Slot777

Slot777

Slot777

Slot88

slot gacor

ARES GACOR

Slot Gacor

GADUNSLOT

sbobet

slot bonus

pragmatic

slot777

pragmatic

pragmatic

pragmatic

sbobet

sbobet

gates of gatotkaca

joker123

slot bonus

slot bet kecil

pragmatic play

slot bet kecil

joker123

Joker123

https://sbobet-gadunslot.matthewwilliamson.com/products/sbobet

https://sbobet-gadunslot.thebotanist.com/products/sbobet-daftar

https://tutordong-garansikekalahan.wonhundred.com/products/slot-garansi-kekalahan-100

https://gadunslot-pastirankslot88.zacbrownband.com/products/slot88-agen-situs-judi-slot-online-terpercaya-no-1

https://sl0t-thailand-gadunslot-gacor.eightoclock.com/products/slot-server-thailand/

https://slottt-thailand.gds.eightoclock.com/products/slot-thailand

https://slotresmi-gadunslot.matthewwilliamson.com/products/slot-resmi

Adblock Detected

Please consider supporting us by disabling your ad blocker