$FTT FTX bankruptcy distribution plan has not been approved yet, and compensation will not be paid on September 30
According to the FTX bankruptcy administrator, compensation will not be paid on September 30, and the relevant rumors are untrue. The restructuring compensation plan has not yet been approved by the court, and the confirmation hearing is scheduled for October 7, 2024. If the plan is approved, creditors with claims less than $50,000 are expected to receive compensation by the end of 2024, while creditors with large claims may have to wait until 2025. Some creditors demand compensation in crypto assets rather than cash, so the plan faces some opposition.
$BOME is also a meme from the sol sector. WIF has increased by 150%, while BOME has only increased by 30%. BOME is all retail investors, so it is difficult for it to increase. Even if WIF increases to 4, BOME will still be below 0.01. This is inevitable.
$BOME Other memes are basically washed in the primary market for a long time before listing on Binance. Even if there are short-term profit chips, they can be washed out within a few months. Bome was listed on Binance in three days. Whether it is the profit-making plates in the primary market or the profit-making plates in the secondary market, they must be washed in the secondary market. Then this washing cycle must be extended by one or two times. That's why they have been selling as soon as they are pulled up. Retail investors enter the market and big investors sell. This shows that it has not yet reached the price of absorbing chips. However, how will they absorb chips when the market is good? They have been grinding. If you want to start the main upward wave, you may have to wait until the second half of the bull market.