Survey shows nearly 80% of FTX creditors will reinvest in crypto

According to a new survey of FTX creditors, 79% plan to reinvest their payout into cryptocurrencies. More than half of them intend to buy Solana, and meme coins and AI tokens are also very popular.

However, upon closer examination of the survey methodology, it appears there is a strong bias towards Solana supporters. While some participants may genuinely be interested in other assets, their preferences may not accurately reflect the overall sentiment of all FTX creditors.

FTX Creditors Likely to Reinvest Funds into Crypto

Since the FTX collapse in 2022, the remaining aftermath has left a deep mark on the cryptocurrency space. Earlier this month, liquidators announced that creditors would start receiving repayments on February 18. While this had previously caused excitement, market hopes have waned as investors have started to act cautiously.

However, a new survey suggests that most FTX creditors will reinvest into cryptocurrencies:

"79% of FTX creditors plan to reinvest their payout into cryptocurrencies, with an average of 29% of the payout amount allocated for this purpose. 62% intend to buy Solana. One-third of FTX creditors plan to allocate their payout into meme coins, and 31% of creditors prioritize AI-related cryptocurrencies," the survey results stated.

On the surface, this FTX survey looks very optimistic, especially for Solana. As repayments begin, the exchange's creditors have shown a strong tendency to immediately protect their assets.

However, if these results are accurate, it would be a boon for certain assets. Particularly, Solana has had a difficult month and could benefit greatly from new investors.

Regrettably, however, this optimistic outlook may not materialize. In its methodology, the FTX survey acknowledges that "there is likely bias."

Clearly, creditors only qualified if at least 10% of their investment portfolio included Solana or if they held $100 worth of SOL for more than a year. In other words, it seems evident that the participating eligible individuals would be interested in Solana.

Even if the FTX survey is biased in this aspect, its data can still be useful in other ways. For example, meme coins have struggled in February, and the AI crypto market has not fared better.

If some of these Solana supporters spend their payout on these tokens, it could be a lifeline. However, it is not a good measure for the entire group of FTX creditors.