Solana Ecosystem Boosted as FTX’s $5B Monthly Payouts to Creditors Begin

FTX’s bankruptcy estate has initiated its second phase of creditor repayments, distributing $5 billion monthly through the FTX Recovery Trust. This development is expected to inject liquidity into the crypto market, with potential positive ripple effects for the solana ecosystem. The repayments follow strict eligibility checks, with Kraken and BitGo facilitating rapid processing. Notably, Dotcom customers are receiving 72% reimbursement, US claimants 54%, and Convenience Class creditors a smaller percentage. As of June 2025, this massive capital deployment could catalyze renewed investor confidence in digital assets, particularly Solana-based projects that were impacted by FTX’s collapse. The structured repayment plan demonstrates progress in resolving one of crypto’s most high-profile bankruptcies while providing a blueprint for future insolvency cases in the industry.

FTX Initiates $5B Monthly Payouts to Creditors in Second Repayment Phase

FTX’s bankruptcy estate has commenced its second wave of creditor repayments, deploying $5 billion monthly through the FTX Recovery Trust. The distributions follow stringent eligibility checks, with Kraken and BitGo serving as distribution partners for rapid processing.

Claimants receive varying recovery rates: Dotcom customers secure 72% reimbursement, US claimants 54%, while Convenience Class creditors enjoy a 120% payout. General unsecured claims see 61% recovery—a marked improvement from February’s $1.2 billion initial distribution.

Market analysts monitor the liquidity event closely, noting potential volatility should whale recipients liquidate positions on retail exchanges. The repayments mark a critical phase in unwinding one of crypto’s most spectacular collapses.

SEC Commissioner Clarifies Regulatory Stance on TRUMP Meme Coin

U.S. SEC Commissioner Hester Peirce, known as ’Crypto Mom,’ has reaffirmed that meme coins like the TRUMP token fall outside the agency’s regulatory scope. Speaking at the 2025 Bitcoin Conference, Peirce emphasized that investors in such assets should not expect protections under securities laws.

The Solana-based TRUMP token has drawn political scrutiny following its January launch and subsequent price surge to $75. Democrats have raised concerns about former President Donald Trump’s ties to the cryptocurrency sector, but Peirce maintains that SEC intervention would constitute regulatory overreach.

’Investors must understand they’re entering high-risk territory,’ Peirce stated, underscoring the speculative nature of meme coins. The comments come amid growing institutional debate about cryptocurrency regulation and investor protection in volatile digital asset markets.

Wall Street Ponke and Solaxy Emerge as High-Potential Crypto Plays Amid Market Revival

The cryptocurrency market’s resurgence has spotlighted two ambitious projects—Wall Street Ponke and Solaxy—as potential high-growth opportunities. Solaxy, a Solana-focused Layer-2 scaling solution, addresses network congestion with a $40 million presale haul, signaling strong institutional interest. Meanwhile, Wall Street Ponke leverages AI to enhance trading security, positioning itself as a disruptor in decentralized finance.

Solaxy’s infrastructure-first approach resonates with developers migrating from Ethereum, while its transaction efficiency could redefine Solana’s scalability limits. Wall Street Ponke’s AI-driven security model taps into growing demand for trustless trading mechanisms. Both projects embody the market’s appetite for innovation with tangible utility—a departure from speculative meme coin mania.

Solana Faces Volatility Amid SEC Scrutiny and Market Downturn

Solana’s price trajectory faces headwinds as regulatory concerns cast a shadow over its market performance. The SEC’s skepticism toward proposed Ethereum and Solana ETFs triggered an 11.45% SOL price drop in late May, with the token oscillating between $155-$185 for 23 consecutive days.

Network fundamentals tell a contrasting story. Solana recorded three consecutive months of wallet growth, climbing from 98.33 million addresses in March to 123.81 million in May. This organic expansion signals robust adoption despite price turbulence.

Derivatives markets reflect growing bearish pressure. The OI-weighted funding rate flipped negative to -0.0027%, while SOL’s seven-day slump reached 11%. The token now tests critical support at $150 as selling activity intensifies across exchanges.