FTX's tokenized debt price soared to 73 cents, SOL surpasses XRP to become the fifth largest token by market capitalization.

FTX Group is entering the final stage of bankruptcy liquidation, with FTX creditor prices rapidly rising, partly due to the rebound in the crypto market, especially the soaring price of SOL, which FTX holds a large amount of. SOL has become the fifth largest cryptocurrency by market value, surpassing Ripple XRP, bringing a ray of hope to millions of FTX users and creditors.

FTX Bonds Prices Surging Remarkably

According to Cherokee Acquisition data, FTX bond market prices have surged from 50 to 53 cents per dollar at the end of October to the current range of 57 to 73 cents per dollar.

This price surge appears to be related to the latest update from the FTX bankruptcy trustee on October 16, indicating that if the revised plan is approved, customers of FTX.com and FTX US will collectively receive "over 90% of the globally allocable value."

Unknown Factors Remain in FTX Claims

Directors at Cherokee point out that despite the rise in FTX bond market prices, it is still unclear how much funding creditors will ultimately receive and when the distribution will take place.

FTX Bonds Dropped to Just 10 Cents After Closure

After FTX closed in November last year and founder SBF was arrested on fraud charges, currently awaiting judgment. Following the bankruptcy, FTX bond market prices dropped to as low as 10 cents per dollar.

Momentum in Bond Price Surge: Anthropic Shares, SOL

, Other factors driving the surge in claim prices include FTX's stake in the AI startup company Anthropic, which has received support from investors including Google and Amazon.

The AI startup Anthropic, in which SBF has invested, has seen its valuation increase fivefold, giving FTX customers the opportunity to reclaim more money!

Additionally, FTX is a significant holder of the cryptocurrency Solana, which has risen by over 650% this year. Before the FTX bankruptcy, Solana's trading price was less than half of the current price.