FTX may release new information in the next 24 hours.
On October 7, FTX will hold a discussion to agree on a restructuring plan.
FTX is expected to update creditors on the "liquidation" information. We will know how much FTX will pay and whether it will be paid in USD, stablecoins such as USDT, USDC, or even crypto.
In the process of liquidating existing tokens, FTX will prioritize repairing most of the damage to traditional organizations.
The amount of crypto returned to the market may not be much, and the general sentiment is still to hold assets waiting for prices to increase. FTX's latest move was to liquidate a portion of WLD tokens owned by Alameda Research on October 4.
In terms of price, WLD tokens did not suffer much negative impact when this information was announced. Tokens that may fluctuate when the news comes out are $FTT, $USTC, $LUNC.
However, the negative impact is likely not as big as the crowd fears. 😆
