Despite the collapse of the exchange, the majority of FTX creditors plan to continue investing in cryptocurrencies. According to the results of the survey conducted through a partnership between NFTevening and Storible, interest in Solana and AI-based projects remains strong. A significant portion of FTX creditors are planning to enter a financial recovery process following the exchange’s collapse in 2022. Survey results indicate that nearly 80% of creditors are considering reinvesting their repayments in cryptocurrencies despite FTX’s approximately $9 billion collapse. This development demonstrates that optimism still prevails in the crypto world. Results from the survey conducted on February 19th through NFTevening’s partnership with Storible show that a large portion of FTX creditors maintain their interest in Solana (SOL) and AI-based projects for investment. Solana remains popular among FTX creditors. The survey, conducted through the online research platform Prolific, saw 1,016 FTX creditors participate. Participants had to meet criteria, such as having at least 10% of their portfolio in Solana (SOL) or holding at least $100 worth of SOL for over a year. 62% of participants expressed their intention to purchase Solana despite past negative events. Events like the release of the Libra meme coin and the Meteora scandal impacted Solana’s value, but creditors have not lost hope in its future. 44% of the creditors stated that they are considering reinvesting in Solana-based projects. If the price of Solana falls below $145, 71% of the participants plan to acquire more SOL or retain their current holdings due to strong beliefs in the company’s long-term growth potential. This outcome demonstrates creditors’ commitment to accumulating assets at lower prices by viewing the decline as an opportunity. Following Solana, Ethereum (ETH) emerged as the second most preferred blockchain, with 31% of participants planning to invest in it, while 16% prefer the BNB Chain (BNB). These results indicate that FTX creditors are not only interested in Solana but also major ecosystems like Ethereum and BNB Chain. Meme coins continue to be popular among FTX creditors. One-third of the participants plan to invest in meme coins, which are speculative assets. Moreover, interest in AI-based projects has increased. 31% of the participants expressed a preference for AI-supported blockchain projects. This shows a growing belief in the impact of artificial intelligence on the finance sector and digital assets. Effects of the FTX collapse and the recovery process The collapse of FTX and over 130 subsidiaries in November 2022 left a deep mark on the crypto market, causing Bitcoin’s price to drop to around $16,000. Solana suffered a 94% loss and dropped to $9.60 in December 2022. FTX’s collapse led to a prolonged crypto winter in the industry. Nevertheless, steps towards recovery in the sector continue. The Bahamas division of FTX made its first repayment distribution to creditors on February 18th. Creditors with claims below $50,000 received approximately $1.2 billion in capital. The second repayment distribution by FTX is set for May 30th with a broader group of creditors. Forward-looking expectations of FTX creditors Under FTX’s recovery plan, creditors are expected to receive 118% of their claim value in cash. FTX is projected to distribute between $14.5 billion and $16.3 billion in May 2024. These developments can help restore investor confidence in cryptocurrencies and increase optimism in the sector following the FTX collapse.