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BULLISH NEWS🔥🔥🔥
This Friday, there is a possibility that Bitcoin and major altcoins will surge upward.
This is due to the $5 billion worth of stablecoins that FTX is set to distribute to its creditors before its collapse in 2022. This amount is equivalent to ₦8 trillion in Nigerian currency.
~ The distribution will take place over three days, ending on June 1, 2025.
This marks the second time in the history of crypto that such strong liquidity will enter the crypto market at once, representing about 2 percent of all crypto stablecoins.
This follows the collapse of FTX and its token, FTT, in 2022, which also affected Luna and Terra. The crisis impacted the Solana blockchain and its governance tokens at the time, as a large portion of Luna and Terra's reserves were held on Solana and a significant amount of FTT was sold to Solana good luck!!