Nearly 80% of burned FTX creditors are ready to jump right back into crypto – because apparently, getting caught in one of the biggest financial collapses in history wasn’t enough of a wake-up call. According to a new survey by NFTEvening and Storible, these gluttons for punishment are planning to reinvest an average of 29% of their repayment funds into digital assets.
Crypto investors prove that hope springs eternal – or perhaps stupidity does – as FTX victims line up for another round of digital gambling.
But here’s the kicker: Solana, the blockchain that took one of the hardest hits during the FTX implosion, is their top pick. A whopping 62% of creditors are eyeing SOL for their comeback story, with 71% saying they’d either hold or buy more if prices dip below $145. Talk about having a short memory – this is the same token that nosedived to $9.60 after FTX’s spectacular face-plant. The next wave of repayments totaling $14.5 to $16.3 billion is scheduled for May 30, 2025.
The survey, which polled 1,016 creditors through Prolific’s research platform, revealed that Ethereum and BNB Chain are also on investors’ radar, garnering 31% and 16% interest respectively. Because why put all your eggs in one potentially catastrophic basket? The survey results may be skewed since participation criteria favored Solana supporters. During typical bull market periods, cryptocurrencies often experience price surges of up to 40% within days.
And because apparently some people never learn, one-third of creditors are planning to throw money at memecoins. Meanwhile, 31% are jumping on the AI crypto bandwagon, proving that buzzwords still hold their hypnotic power over investors.
The silver lining in this circus is that creditors aren’t walking away empty-handed. The first batch of repayments kicked off on February 18, 2025, with claims under $50,000 getting priority. An estimated $1.2 billion is already out the door, with 98% of creditors expected to receive 118% of their claim value in cash.
It’s worth noting that this whole mess started when FTX imploded in November 2022, sending Bitcoin tumbling to $16,000 and triggering a crypto winter that felt more like an ice age.
But hey, nothing says “I’ve learned my lesson” quite like diving back into the same pool that nearly drowned you – just with a different swimming cap this time.
