FTX, a collapsed crypto exchange, is about to disburse $5 billion in stablecoin payments to creditors at the end of the month.
The stablecoin payments won't impact the market negatively as there will be nothing dumped, potentially leading to a market pump depending on where the funds end up.
The distribution on May 30 could create buying pressure on the market, especially since Bitcoin and Ethereum prices are doing well.
Analysts expect that investors who receive the funds will reinvest the money back into the market, potentially triggering a rally, with Bitcoin expected to surpass $120,000.