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Smart money is buying memecoins after a U.S. judge approved the FTX repayment plan, boosting liquidity and driving interest in Flockerz presale, the first Vote-to-Earn DAO.
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Smart money traders are buying memecoins after a U.S. judge approved the FTX repayments plan.
The move is expected to inject new liquidity into the crypto market, which would drive up prices.
Prominent Trader to Buy Neiro, Fwog, and KHAI
It’s estimated that $2.4 billion could enter the crypto market on the FTX reorganization plan.
The payments are expected to occur late in Q4 and provide significant liquidity into the crypto markets.
K33 predicts that of the $16 billion in repayments, $2.4 will be reinvested into the market.
According to Reuters, those with under $50,000 on the exchange – which accounts for 98% of defunct users – will be repaid and receive their funds within 60 days of the plan’s effective date.
Prominent industry figure TraderSZ told his 600K X subscribers that he will be adding to his NEIRO, FWOG, and KHAI positions on the news.
TraderSZ made a name for himself recently by tipping Neiro when it had a $1 million market cap in August. Today, NEIRO is sitting at approximately a $700 million valuation.
His pinpoint accuracy sparked a lot of interest in his new positions on the FTX repayments plan news.
Adding to the excitement, analyst Mister Crypto highlighted that the 60-day repayment schedule lands soon after the U.S. elections, in which Donald Trump is now a favorite, according to Polymarket.
Author: Guest Post
