Token FTX rises 14% before the distribution of USD creditors 5 billion

The Token FTX (FTT) rose sharply when the cryptocurrency market reacted to the announcement that FTX, which declared bankruptcy in November 2022, will soon begin the second phase of its payments to the creditors.

While the main currencies seemed to bounce after cutting the earlier profits in the day, the price of FTT shot 14% to reach maximum USD 1.3.

The profits occurred when FTX announced that the distribution of USD 5 billion to the creditors will begin on May 30, 2025.

The optimism around the FTX chapter 11 reorganization plan has helped FTT recover from the minimums observed when FTX implio.

FTX Token chart of coinmarketcap

FTX will begin the distribution of creditors per USD 5 billion

The FTX team, led by administrator John J Ray III, has announced the second distribution of creditors of the cryptocurrency exchange.

A update Of May 15, he revealed that the funds for the allowed claims of eligible holders will begin to flow to the accounts on May 30, 2025.

FTX will distribute more than USD 5 billion to the holders of claims allowed, both in their convenience and non -convenience classes.

According to FTX, eligible creditors are those who have completed the requirements prior to distribution.

These users must also have been incorporated into selected distribution service providers, Bitgo or Kraken.

If everything is in order, creditors should receive their part of the 5,000 million dollars of the platforms within 1 to 3 business days.

John J.Ray III, administrator of the FTX Recovery Trust Plan, said:

“These first non -convenience classes distributions are an important milestone for FTX. The scope and magnitude of the FTX creditors base make this an unprecedented distribution process, and today’s announcement reflects the outstanding success of the recovery and coordination efforts of our team of professionals. Our approach remains to recover more for creditors and resolve pending claims.”

The price of Token FTX shoots

In November 2022, the Token FTX (FTT) experienced a mass sale, and the price collapsed to less than 1 dollar from more than 25 dollars.

Since then, Token has fought to climb more.

Despite this, CoinmarketCap data shows that the FTT price has shot at more than 70% since it touched a historical minimum of USD 0.75 on April 17, 2025.

On May 15, FTX native token rose more than 14% to lead the list of daily winners.

Although it has lost part of the bullish impulse, FTX Token remains above the psychological level of 1 dollar.

A volume of 24 -hour operations of 69 million dollars represents an increase of 271%, while market capitalization exceeds 416 million dollars so that FTT is located as the 141st largest cryptocurrency according to this measure.