In accordance with a brand new survey of FTX collectors, 79% plan to reinvest their funds into crypto. Greater than half of them plan to purchase Solana, and meme cash and AI tokens are additionally well-liked.
Nevertheless, a deeper look into the survey’s methodology suggests a powerful bias towards Solana fans. Whereas some contributors might have a real curiosity in different property, their preferences won’t replicate the broader sentiment of all FTX collectors.
FTX Collectors are More likely to Reinvest Funds into Crypto
Because the FTX collapse in 2022, the residual fallout has left deep marks on the crypto area. Earlier this month, liquidators introduced that collectors would begin getting reimbursed on February 18. Though this prompted bullish hype beforehand, market hopes sank when buyers started performing skittishly.
Nevertheless, a brand new survey claims that almost all FTX collectors will reinvest in crypto:
“79% of FTX collectors plan to reinvest their repayments into cryptocurrencies, with a mean of 29% of their reimbursement funds allotted for this function. 62% intend to purchase Solana. One-third of FTX collectors plan to allocate their repayments towards meme cash, and 31% of collectors are prioritizing AI-related cryptocurrencies,” its outcomes declare.
On the floor, this FTX survey seems very bullish, particularly for Solana. When the reimbursements started, the trade’s collectors confirmed a powerful propensity to safe their funds instantly.
Nevertheless, if these outcomes are correct, it might be a shot within the arm for a number of property. Solana, specifically, has suffered a troublesome month and will drastically profit from contemporary buyers.
Solana Month-to-month Worth Efficiency. Supply: BeInCrypto
Sadly, nevertheless, this bullish imaginative and prescient might not materialize. In its methodology, the FTX survey acknowledged that “there’s a risk of biases.”
Apparently, collectors have been solely eligible if not less than 10% of their portfolio consisted of Solana or in the event that they held $100 value of SOL for over a 12 months. In different phrases, it appears apparent that eligible contributors can be thinking about Solana.
Even when the FTX survey is biased on this regard, its knowledge should be helpful in different methods. For instance, meme cash have had a troublesome time in February, and the AI crypto market isn’t trying a lot better.
If a few of these Solana fans spend their reimbursements on these tokens, it could possibly be a lifeline. Nevertheless, it’s not a superb barometer for the broad pool of FTX collectors.
