- Tomorrow, FTX creditors will receive $1.6 billion in compensation.
- This is the third major distribution in the bankrupt firm’s restructuring program.
- This week, FTT fell below the psychological $1 mark after peaking at $1.20.
The defunct cryptocurrency exchange FTX plans to distribute roughly $1.6 billion to its creditors in its third distribution on September 30.
This move represents a significant milestone in the exchange’s bankruptcy process following its collapse at the end of 2022.
Tomorrow’s payout is the third distribution to date and targets creditors who have filed valid claims and met the necessary requirements prior to the distribution.
FTX’s native token has given up a key level ahead of the large payout.
It is trading around $0.94 after a modest bearish shift the previous day.
FTT underperformed while many other tokens rose on Monday.
FTT falls below $1
The FTX native token slipped below $1 as investors positioned for the upcoming payout.
FTT has historically reacted to developments surrounding the bankrupt exchange.
While the broader crypto market staged a turnaround today, FTT lost the psychological $1 threshold.
It is trading near $0.9487, with trading volume rising more than 70%, signaling increased trader activity.
Bearish signals could indicate traders are preparing for potential selling pressure once the compensation begins.
Price swings also reflect ongoing uncertainty about FTT’s future use cases and role following FTX’s failure.
At present, the altcoin lacks clear utility. No longer backed by an active trading platform, FTT’s value is sustained largely by speculation.
Weekly gains remain intact
Despite bears contesting the daily trend, the weekly chart still tells a bullish story.
Over the past seven days, holders’ positions in FTT have risen by more than 13%.
This upward trajectory follows a sharp rally last week.
On September 24 the digital token recorded a one-day surge of nearly 60%.
The dramatic jump followed an unexpected “gm” post from Sam Bankman-Fried’s former X account, which briefly reignited market interest.
$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.— Master of Crypto (@MasterCryptoHq) September 24, 2025
The single “good morning” message caused a frenzy since it was the first post from that account in months.
FTT rose to a weekly high of $1.20 after the X post.
The extreme price move underscores how sensitive FTT remains to developments connected to FTX and its controversial founder, SBF.
What’s next for FTT’s price?
The altcoin remains vulnerable to elevated volatility as creditors prepare for the upcoming compensation round.
Technical indicators point to the possibility of a recovery above $1.
Analyst Dark Pro Trader expects bullish moves around the time payouts are distributed.
They highlighted a 4‑hour chart showing a mix of tentative gains and sharp volatility.
Key support for FTT is around $0.78.
The impending $1.6 billion payout to creditors could create short-term demand for the native token.
That demand might push FTT toward last week’s highs near $1.20 and potentially clear the notable resistance area at $1.30.
Such an upside move would represent roughly a 27% increase from the current market price of FTT.