FTT is super positive? A US judge approved FTX's bankruptcy plan. What will be the impact?

A US judge approved FTX's bankruptcy plan. John Dorsey, a judge in the Delaware Bankruptcy Court, decided to approve the plan at a hearing on Monday and began to distribute funds to creditors. According to the plan, 98% of creditors will receive at least 118% of the value of their claims in cash.

Advancement of the creditor compensation plan: According to the bankruptcy plan, 98% of creditors will receive at least 118% of the value of their claims in cash, which means that FTX has begun to distribute funds to creditors, which may involve asset liquidation. Such a liquidation process may include the liquidation of assets held by FTX, even including FTT tokens, which may bring some selling pressure on FTT prices, causing prices to fluctuate in the short term.

Possibility of restoring market confidence: The approval of the bankruptcy plan marks a key progress in the case, and creditors are expected to be compensated. This eliminates uncertainty in the market to a certain extent. If creditors can be compensated as scheduled, it may ease market concerns about FTX's overall problems and bring about a certain restoration of confidence. However, it remains to be seen whether this recovery in confidence will boost the FTT token, because as a platform token, the value of FTT itself is closely related to the operation of FTX.

Future uncertainties remain: Although the bankruptcy plan has been approved, the long-term impact of FTX's bankruptcy on FTT cannot be ignored. As the native token of the FTX platform, FTT's main use depends on the normal operation of the exchange. Since FTX has gone bankrupt, the actual application scenarios of FTT have been greatly reduced, which has challenged the long-term value support of the token. In the future, if there is no practical application support, the demand for FTT may decline further.

Overall, although the judge's approval of the bankruptcy plan provides partial relief to FTX's creditors, the impact on the FTT token may be more complicated. There may be some fluctuations in the short term, and the long-term prospects will depend on the subsequent progress of FTX's bankruptcy processing and whether FTT's actual use scenarios can make new breakthroughs.

What do you think, brothers? #FTT赔款 #FTT #HBO纪录片或揭示中本聪身份 $FTT