Crypto Purge! $5 Billion Sparks the Next Altcoin Frenzy 😱💰

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  • FTX hands over $5 billion to creditors, stirring the pot and possibly sparking a new altcoin boom.
  • Since March, 10.5% of altcoins have vanished like mist, leaving room for the few that might actually work.

The crypto world is having a bit of a spring cleaning.

As FTX returns a hefty $5 billion to creditors, the market is saying goodbye to the projects that never stood a chance. What’s left? A leaner, meaner crypto landscape that *maybe* has a fighting chance.

With the chaos finally dialed back, we’re left with the promise of a more grown-up altseason. Because, hey, who needs all those coins cluttering up the place?

$5 Billion Flows Back Into the Wild

And just like that, FTX has started handing back more than $5 billion to its creditors. You’d think that was a small fortune, right? Well, it’s the second round, folks.

It’s a step, a baby step, in what could be a lengthy bankruptcy resolution process for the fallen titan.

The repayments are coming through BitGo and Kraken. For those lucky enough to be in the “eligible” pool, their once-locked-up funds are now making a slow crawl back to them. I’m sure they’re thrilled. And no, this isn’t an invitation to click on any “free money” emails that show up. Trust me, phishing is alive and well.

But let’s talk about what this means for the market. This little liquidity boost could very well jump-start the altcoin train again, this time with more caution—and maybe some optimism thrown in.

Altcoins Going the Way of the Dinosaurs 🦖💀

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2025-06-01 12:13