Solana’s Ecosystem Strengthens as FTX Creditors See $7.1B in Distributions
The FTX bankruptcy estate has made significant strides in repaying creditors, distributing a total of $7.1 billion across three rounds since the exchange's collapse in November 2022. The first payout of $454 million occurred in February 2025, followed by a substantial $5 billion in May and an additional $1.6 billion in September. Notably, Convenience Class creditors—those with claims under $50,000—have been fully repaid with interest, showcasing the estate's commitment to equitable resolution. With asset recoveries continuing to progress, the next payout is slated for 2026, further solidifying confidence in the cryptocurrency market's resilience. This development bodes well for Solana and the broader crypto ecosystem, as it underscores the potential for recovery and growth even after major setbacks.
FTX Creditors Receive $7.1B in Distributions, Next Payout Set for 2026
The FTX bankruptcy estate has distributed $7.1 billion to creditors across three rounds, marking significant progress since the exchange's collapse in November 2022. The first payout of $454 million occurred in February 2025, followed by $5 billion in May and $1.6 billion in September. Convenience Class creditors—those with claims under $50,000—have been fully repaid with interest.
Asset recoveries now total between $14.7 billion and $16.5 billion through liquidations and settlements. Payment providers including BitGo, Kraken, and Payoneer facilitate global distributions. The next disbursement is scheduled for January 2026, with eligibility determinations concluding by December 2025.
Solana Breaks Critical Support Amid Heavy Selling Pressure
Solana's price tumbled below a key technical threshold, dropping 3.1% to $164.30 as trading volume spiked 58% above average. The breakdown through $163.85 support triggered accelerated selling, with 66,399 transactions recorded during peak liquidation hours.
Technical indicators turned decisively bearish as SOL failed to hold psychological support at $165. Multiple rejection attempts at higher levels—including failed tests of $170.50 and $171.92—confirmed weakening buyer momentum. The altcoin's volatility reading of 4.9 reflected intense intraday swings spanning $8.06.
Market structure deteriorated further when a midday sell-off pushed volume to 1.47 million SOL, establishing clear downward momentum. Short-lived recovery attempts met immediate resistance, most notably when a bounce from $164.97 collapsed to $163.46 within hours.
Solana ETFs See Sustained Institutional Demand Despite Market Volatility
Spot solana exchange-traded funds in the U.S. have notched ten consecutive days of net inflows, defying recent price weakness with $342.48 million accumulated since launch. Bitwise's BSOL led Monday's $6.78 million inflow, while Grayscale's GSOL contributed $854,480—marking the smallest daily gain yet but reinforcing a pattern of institutional conviction.
Analysts highlight the $70 million single-day inflow last Wednesday as particularly telling. 'This isn't just niche interest—it's institutional portfolios allocating to SOL as a high-beta complement to Bitcoin and Ethereum,' said Nick Ruck of LVRG Research. The trend contradicts early skepticism about Solana's regulatory and technical hurdles, with Bloomberg's Eric Balchunas calling the flows a mainstream adoption signal.
SOL Price Prediction 2025: Bearish Signals Emerge Amid ETF Inflow Slowdown
Solana's bullish momentum has faltered since early November, with SOL price action reflecting weakening investor conviction. The cryptocurrency now risks deeper correction unless key support levels hold.
ETF inflows tell a concerning story. Daily investments peaked at $70.05 million on November 3 before collapsing to $6.78 million by November 10. Bitwise's BSOL ETF dominates the $342.48 million cumulative inflows, while Grayscale's GSOL product shows alarmingly weak adoption.
Technical breakdowns compound the bearish narrative. SOL's failure to maintain its ascending wedge pattern triggered a 20% plunge from $180 to $144. While prices have rebounded from this support level, market participants remain skeptical of sustained recovery.
