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FTX to release $2.2B: will creditor cash crush FTT price next?

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FTX Token
FTX Token
  • FTX Token changed hands at around $0.28 amid broader crypto market volatility.
  • The FTX Recovery Trust will commence a $2.2 billion distribution on March 31,2026.
  • Potential impact on FTT’s price could see it fall to lows of $0.24.

FTX Token (FTT) is trading lower amid overall crypto weakness and as FTX Recovery Trust announces plans to distribute $2.2 billion to approved creditors by March 31, 2026.

The distribution will mark the fourth round of payouts from the collapsed exchange’s bankruptcy proceedings.

Could this influx of capital crash the FTT token? At the time of writing, FTT hovered near $0.28 and was down 2% in the past 24 hours.

FTX to distribute $2.2 billion to creditors

FTX’s ongoing creditor repayments follow the exchange’s Chapter 11 bankruptcy filed in late 2022 as the Sam Bankman-Fried empire imploded.

SBF was convicted of various charges related to the collapse and is serving a 25-year prison sentence, with FTX now the subject of a Netflix mini-series, ‘The Altruists’, that also features a depiction of Caroline Ellison.

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The expectation is that the upcoming eight-episode show will highlight the dramatic implosion of one of the crypto sector’s biggest exchanges at the time, with key questions around governance and customer protection.

Bankman-Fried recently claimed the exchange was never insolvent.

FTX creditors have nonetheless already seen a series of successful payouts, and the company is eyeing another $2.2 billion to both convenience and non-convenience class claims.

The record date for this distribution was February 14, 2026, with payouts commencing March 31 for verified claim holders and distributed within 1-3 business days via designated providers.

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FTT price outlook

FTT, the native token once central to the FTX ecosystem, remains sensitive to these events, despite falling to near zero from all-time highs above $85.

Holders could see the distribution as a fresh trigger to selling pressure, putting the token’s rebound from its all-time lows of $0.24 reached in October 2025 at risk.

Data shows that at least 38.3k wallet addresses hold the FTX Token.

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With FTX nearing bankruptcy closure, recovery could include a bullish flip to $0.50 and likely the psychological $1.

This will also hinge on whether broader markets stabilize in the short term.

From a technical perspective, neutral oscillators and mixed moving averages signal caution ahead of the March 31 distribution.

The daily RSI hovers near 42 and signals potential downsloping towards oversold extremes.

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Meanwhile, the MACD shows mild bullish momentum with a weakening histogram.

FTX Token Price Chart
FTX Token price chart by TradingView

FTT is down 22% over the past month as altcoins suffer downward pressure amid current bearish crypto conditions.

If creditors liquidate holdings with prices in decline, a retest of the all-time lows around $0.24 could follow.

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Crypto World

ECB Opens Work on ATM, Payments for Digital Euro

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ECB Opens Work on ATM, Payments for Digital Euro

The European Central Bank (ECB) is seeking industry experts to contribute to workstreams focused on how the digital euro central bank digital currency would function across ATMs, payment terminals and acceptance infrastructure. 

In an announcement published Wednesday, the ECB opened applications for two workstreams under its Rulebook Development Group (RDG), covering implementation specifications for ATM and terminal providers, as well as certification and approval frameworks for payment solutions. 

The initiative revolves around defining how a potential digital euro would integrate with existing payment systems and hardware, including support for offline transactions and interoperability with standards used across Europe. 

The move signals a deeper shift from policy design toward implementation planning, with the ECB seeking input on how a digital euro would work across ATMs, payment terminals and related infrastructure, including offline use and existing technical standards.

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Related: ECB reveals Appia roadmap for central bank money in Europe’s tokenized markets

Workstreams target ATM integration, certification frameworks

According to the ECB, one workstream will focus on developing implementation specifications for ATM and terminal providers. This includes communication technologies, offline functionality and the reuse of existing payment standards. 

The second workstream will develop proposals for testing, certification and approval processes for payment solutions and infrastructure used by payment service providers within the digital euro ecosystem. 

Related: Stablecoins could weaken bank lending and monetary policy in Europe: ECB

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The workstreams will report to the RDG, which includes representatives from merchants, payment service providers and consumers. 

The ECB said selected experts are expected to provide technical input to support the development of a standardized rulebook.

ECB targets 2027 digital euro pilot

The ECB previously outlined plans to start selecting European Union-licensed payment service providers (PSPs) ahead of a 12-month digital euro pilot expected to start in the second half of 2027

On Feb. 18, ECB Executive Board Member Piero Cipollone said the pilot would involve a limited number of merchants, Eurosystem staff and PSPs. 

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Digital euro pilot information. Source: ECB

While the developments point toward continued progress on a digital euro, the ECB said a final decision on whether to issue it will only be taken after the relevant legislation is adopted.