FTX will begin paying its former users $16 billion in stablecoins on January 3. A portion of this is likely to be reinvested into the cryptocurrency market.

Previously, some tokens held by FTX/Alameda, such as SOL/WLD, have basically been sold off. The compensation received by creditors is in cash rather than tokens, which indirectly reduces market selling pressure and increases the likelihood of some compensation funds flowing back into crypto, thus boosting market sentiment.