- FTX creditors will receive $1.6 billion in compensation tomorrow.
- This is the third major distribution in the bankrupt exchange’s restructuring plan.
- FTT fell below the $1 psychological level after reaching $1.20 peaks earlier this week.
The collapsed crypto exchange FTX is set to distribute roughly $1.6 billion to its creditors in its third payout round on September 30.
The move marks a significant step in the exchange’s bankruptcy process following its 2022 collapse.
Tomorrow’s payment represents the third distribution so far and targets creditors who are not convenience-class claimants and who meet all pre-distribution requirements.
FTX’s native token has lost a key level ahead of the large distribution.
It is trading around $0.94 after modest bearish pressure over the last day.
FTT underperformed while most tokens climbed on Monday.
FTT slips below $1
FTX’s native token slipped below $1 as investors prepare for the payout.
FTT remains reactive to developments surrounding the insolvent exchange.
While the broader crypto market turned positive today, FTT weakened at the psychological $1 mark.
It trades near $0.95, with trading volume up more than 70%, signaling heightened activity.
Bearish cues may indicate traders preparing for potential sell pressure as the repayments begin.
Price swings also reflect lingering uncertainty about FTT’s use case and role after the FTX debacle.
For now, the altcoin offers limited utility. FTT is no longer backed by an active exchange and largely survives on speculation.
Weekly gains remain intact
Although bears are contesting daily direction, the weekly chart still shows a bullish picture.
FTT holders have seen holdings rise by more than 13% over the past seven days.
The weekly advance follows a dramatic rally last week.
The digital token surged about 60% in a single day on September 24.
The dramatic spike followed an unexpected “gm” post from Sam Bankman-Fried’s old X account, which briefly broke a long silence.
$FTT jumped nearly 60% after a simple “gm” was posted from SBF’s old X account.
⁰(It wasn’t him – a friend said they were using the account.)Still, that one word was enough to send traders rushing in.
⁰Shows much this market runs on hype and vibes, not logic. pic.twitter.com/SF8IHaCzul— Master of Crypto (@MasterCryptoHq) September 24, 2025
The simple “good morning” message triggered a frenzy because it was the account’s first post since early this year.
FTT climbed to weekly highs near $1.20 after the post.
The volatile move illustrated how sensitive FTT remains to any news connected to FTX and its controversial founder, SBF.
What’s next for FTT’s price?
The altcoin looks poised for continued volatility as creditors prepare to receive their payments.
At the same time, technical indicators point to potential rebounds above $1.
Analyst Dark Pro Trader forecasts bullish moves amid the creditor payouts.
He highlighted a 4-hour chart showing a mix of tentative gains and strong volatility.
FTT has a key support barrier at $0.78.
The upcoming $1.6 billion distribution could create short-lived demand for the native token.
That demand might push the token back toward the weekly high of $1.20 and challenge the notable resistance zone at $1.30.
Such an upward move would represent an increase of roughly 27% from FTT’s current market price.