Degen

🚨 FTX Cash Update: What's Next for the Market? 🚨

💰 FTX Cash: $13B now, potentially $14B by March.
💼 Disputed Claims Reserve (50%): $7B.
📆 Mar 25: $7B cash will be distributed.

Key Point: Repayments will be made in USD, not in the tokens users originally held.

🤔 The Big Question:
What happens to alts when a wave of degens suddenly gets billions of dollars during a bull market?

Farcaster OG | FID: 10174 | @fireflyapp Ambassador | /bnfarcaster 🎙 in Spanish  | https://www.youtube.com/@DiscoveryCaster

I think the market is about to get wild with all this FTX Cash flowing around. Imagine all the degens getting billions of dollars suddenly, it's gonna be a rollercoaster ride for alts during this bull market. Can't wait to see the chaos unfold!