- FTX Token changed hands at around $0.28 amid broader crypto market volatility.
- The FTX Recovery Trust will commence a $2.2 billion distribution on March 31,2026.
- Potential impact on $FTTs price could see it fall to lows of $0.24.
FTX Token ($FTT) is trading lower amid overall crypto weakness and as FTX Recovery Trust announces plans to distribute $2.2 billion to approved creditors by March 31, 2026.
The distribution will mark the fourth round of payouts from the collapsed exchanges bankruptcy proceedings.
Could this influx of capital crash the $FTT token？ At the time of writing, $FTT hovered near $0.28 and was down 2% in the past 24 hours.
FTX to distribute $2.2 billion to creditors
FTX‘s ongoing creditor repayments follow the exchange’s Chapter 11 bankruptcy filed in late 2022 as the Sam Bankman-Fried empire imploded.
SBF was convicted of various charges related to the collapse and is serving a 25-year prison sentence, with FTX now the subject of a Netflix mini-series, ‘The Altruists’, that also features a depiction of Caroline Ellison.
The expectation is that the upcoming eight-episode show will highlight the dramatic implosion of one of the crypto sectors biggest exchanges at the time, with key questions around governance and customer protection.
Bankman-Fried recently claimed the exchange was never insolvent.
FTX creditors have nonetheless already seen a series of successful payouts, and the company is eyeing another $2.2 billion to both convenience and non-convenience class claims.
The record date for this distribution was February 14, 2026, with payouts commencing March 31 for verified claim holders and distributed within 1-3 business days via designated providers.
(1/4) FTX announced it is set to distribute its Fourth Distribution of ~$2.2 billion on 3/31/26 to holders of allowed claims in the Plans Convenience and Non-Convenience Classes that have completed the pre-distribution requirements.
— FTX (@FTX_Official) March 18, 2026
$FTT price outlook
$FTT, the native token once central to the FTX ecosystem, remains sensitive to these events, despite falling to near zero from all-time highs above $85.
Holders could see the distribution as a fresh trigger to selling pressure, putting the tokens rebound from its all-time lows of $0.24 reached in October 2025 at risk.
Data shows that at least 38.3k wallet addresses hold the FTX Token.
With FTX nearing bankruptcy closure, recovery could include a bullish flip to $0.50 and likely the psychological $1.
This will also hinge on whether broader markets stabilize in the short term.
From a technical perspective, neutral oscillators and mixed moving averages signal caution ahead of the March 31 distribution.
The daily RSI hovers near 42 and signals potential downsloping towards oversold extremes.
Meanwhile, the MACD shows mild bullish momentum with a weakening histogram.
FTX Token price chart by TradingView
$FTT is down 22% over the past month as altcoins suffer downward pressure amid current bearish crypto conditions.
If creditors liquidate holdings with prices in decline, a retest of the all-time lows around $0.24 could follow.