The collapse of FTX in 2022 left thousands of creditors grappling with uncertainty, but as repayments finally begin, an unexpected trend emerges: most creditors remain bullish on crypto. NFTevening, in collaboration with Storible, conducted a survey of 1016 FTX creditors to deep dive into how they are planning to do with the repayment.
Key Findings
- 79% of creditors will reinvest in crypto with their repayment.
- 62% of FTX creditors will buy SOL with their repayment.
- 44% of creditors will reinvest in Solana projects.
- One-third of creditors will invest in memecoins with their repayment.
Methodology
We surveyed 1,016 FTX creditors through Prolific, a widely used online research platform. Participants were eligible only if at least 10% of their portfolio consisted of SOL or if they had held at least $100 worth of SOL for over a year. To maintain data quality, the survey included two attention-check questions, and any invalid responses were excluded from the final analysis.
Since the findings rely on self-reported data, there is a possibility of biases, such as telescoping or exaggeration. It’s important to note that the results presented here reflect participant responses, not our views, and should not be interpreted as investment advice.
The survey was conducted on February 19, 2025.
What FTX Creditors Will Do with Their Repayment
Our survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with an average of 29% of their repayment funds allocated for this purpose.
Solana Tops the Reinvestment Choice
Among the creditors planning to reinvest, 62% intend to buy Solana (SOL), solidifying its status as the go-to choice for recovery-focused investors. Even after the recent LIBRA rug pull and the Meteora scandal, which shook confidence in some Solana-based projects, 44% of creditors plan to reinvest in the Solana ecosystem.
Ethereum follows as the second most popular blockchain for reinvestment. 31% of creditors will allocate their funds to Ethereum projects, while 16% favor the BNB Chain. The remaining 9% plan to explore other ecosystems.
These results highlight a striking resilience within the Solana community. Rather than retreating after negative headlines, investors see the blockchain’s fundamentals—its speed, low fees, and vibrant ecosystem—as reasons to stay the course.
Memecoins and AI Coins Gain Strong Interest
Interestingly, the survey found that one-third of FTX creditors plan to allocate their repayments toward memecoins. While the momentum for Solana-based memecoins has slowed, investor appetite for bold plays remains strong.
In addition, 31% of creditors are prioritizing AI-related cryptocurrencies, reflecting the broader trend of AI integration across industries.
FTX creditors Are Buying the Dip
Market conditions also shape how FTX creditors approach their reinvestment strategies. If SOL falls below $145, a striking 71% of creditors say they will either hold or buy more, showing resilience and confidence in the asset’s long-term potential. This highlights how many creditors, despite past losses and current bearish incidents, remain optimistic about Solana’s future.
Conclusion
Despite recent controversies, the survey shows that FTX creditors remain confident in the crypto market as a whole, with Solana standing out as a key focus. The fact that a majority plan to reinvest their repayments demonstrates a broader belief in blockchain technology’s long-term potential. This resilience highlights how market participants view setbacks as temporary, focusing instead on future opportunities. Solana’s ability to maintain investor interest, even after recent challenges, underscores its continued relevance in the evolving crypto landscape.
