Survey: 62% of FTX Creditors Flock to Solana Amid Reimbursement

2025-02-22 12:33:55

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A survey of FTX creditors reveals a strong inclination to reinvest their repayments in cryptocurrencies, with solana (SOL) being the most popular choice.

FTX Creditors’ Love Affair With Solana

A new survey found that 79% of FTX creditors plan to reinvest their repayments into cryptocurrencies, with 29% of the reimbursed funds allocated for this purpose. Additionally, the NFT Evening survey, conducted in conjunction with Storible, found that 62% of FTX creditors plan to buy SOL, the native coin of the Solana blockchain.

The survey report highlighted Solana’s status as the “go-to choice” for recovery-focused investors. These creditors remain unperturbed by recent events such as the LIBRA memecoin rug pull and the Meteora scandal, with 44% planning to reinvest in the Solana ecosystem.

Data indicates that 31% of FTX creditors plan to allocate reimbursed funds to Ethereum projects, while 16% expressed interest in projects on the BNB Chain. The remaining 9% are expected to invest in protocols. Discussing Solana’s appeal, the survey report said:

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.

However, the survey study report noted the possibility of biases since the findings rely on self-reported data.

Meanwhile, the study found that one-third of FTX creditors plan to allocate their repayments toward memecoins, and another 31% expressed interest in artificial intelligence (AI) coins. FTX creditors’ reinvestment strategies are also influenced by market conditions, particularly the price of Solana (SOL).

For example, if SOL drops below $145, a significant majority (71%) of creditors intend to hold their existing assets or purchase more. The survey report said this demonstrates strong confidence in Solana’s long-term potential despite past losses and market downturns.

FLOCK-3,14%

SOL-2,82%

LOVE11,42%

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