Will SOL Increase Fivefold After FTX Bankruptcy, Resulting in $3 Billion Additional Claims?
Not only SOL soared, the FTX restructuring team holds a large amount of Solana series coins, including Raydium (RAY), which also surged 51% in the past 24 hours, reigniting hope for FTX victims.
SOL has surged nearly 19% in the past 24 hours, with a market value surpassing BNB, and the bankruptcy liquidation teams of FTX and Alameda remain one of the largest holders. According to Spot On Chain statistics, the FTX restructuring team has transferred 2 million SOL (approximately $192 million) to the exchange between October 24th and December 14th this year.
More importantly, in 2025, after FTX’s bankruptcy on November 11, 2022, SOL has risen by 550%, from $17.66 to $98. This means that the restructuring team is expected to gain over $3 billion in cash during the liquidation process.
Spot On Chain pointed out that the restructuring team currently holds 40.5 million SOL (approximately $3.99 billion) waiting for monthly linear unlocks (liquidation).
In previous reports, Cherokee Acquisition data showed that FTX’s market price for claims has risen from $0.50 to $0.53 per dollar at the end of October to the current $0.57 to $0.73 per dollar.
And the rise in the price of claims seems to be related to the latest update from FTX’s bankruptcy team on October 16. The update indicated that if the amended plan is approved, customers of FTX.com and FTX US will collectively receive “over 90% of the globally distributable value.”
Not only did SOL soar, but the restructuring team also holds a large amount of Solana series coins, including Raydium (RAY), which has surged 51% in the past 24 hours, reigniting hope for FTX victims.
FTX’s claim price has surged to $0.73, and SOL has surpassed XRP to become the fifth largest token by market capitalization.
FTX, SOL, Solana, Spot On Chain.
