Expert Analysis on Recent Bitcoin And Solana Buy Pressure As FTX Plans $16B Distribution.

Significant news for the cryptocurrency industry comes as former exchange FTX collapsed under Sam Bankman-Fried’s leadership last November and prepares to distribute $16 billion of cash rewards amongst customers, potentially sparking price surges for Bitcoin (BTC) and Solana (SOL).
Crypto researcher Xremlin predicts that much of this cash will return into the crypto market as growth catalyst towards year end.
FTX $16 Billion Cash Injection
In a recent social media post by Xremlin, she highlighted the significance of their cash injection, noting it will involve returning $16 billion back to individuals already involved with cryptocurrency.

Related Reading The source of FTX’s massive cash injection can be linked back to their agreement with US government agencies, in which assets acquired using misappropriated customer funds were sold off – these included investments such as cryptocurrency mining operations, tech firms, venture funds and real estate holdings.
After selling shares in AI startup Anthropic where FTX had previously invested $500 million, FTX discovered $6.4 billion cash – this figure includes assets controlled by debtors and liquidators as well.
However, some customers were dissatisfied with FTX’s distribution model due to claims settlement procedures based on lower cryptocurrency prices prior to November 2022 – when FTX filed bankruptcy.
So for instance, clients holding 10 Ethereum’s native token ETH will get roughly $12,000 back as cash instead of its current market price of about $29,000 as it trades at about $2.900.
Even in spite of objections, the court granted creditors voting rights on the liquidation plan; should it receive enough votes, its implementation can proceed after final court approval.
Can Bitcoin, Ethereum and Solana Achieve Success Together? Key dates to keep an eye out for when monitoring developments include August 16, 2024 – when customers of FTX must vote on bankruptcy wind-down payments – and October 7th when Judge John Dorsey may approve or disapprove its bankruptcy plan.
If the current plan is approved, clients should expect payouts to begin by Q3, providing much-needed liquidity for token purchases and helping reduce market volatility ahead of the US elections.
Therefore, FTX payouts could serve as another catalyst to fuel an uptrend in the crypto market even during periods of significant price decrease.

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Bitcoin has experienced an almost 21% decrease from a high of $71,000 to its current trading price of $56,400 over the last month; on the other end of the market Solana outdid this decline with 22% loss currently trading for around $144.
The 1-D chart depicts BTC’s price as it trends lower on TradingView.com (Source: BTCUSD on TradingView).
At present, selling pressure from US and German governments could continue for the remainder of 2018, yet cash injection from FTX to crypto investors might help alleviate any anticipated selling pressure.
As most affected FTX customers are retail crypto investors, a substantial part of this money should return into cryptocurrency investments like Bitcoin, Ethereum and Solana – and will likely generate the greatest liquidity.
Image by DALL-E and graph from TradingView.com.