The FTX crypto exchange has started repaying its creditors, injecting $1.2 billion of liquidity into the market. While many expected this to be a bullish signal for the crypto markets, they are actually in the red today. The defunct FTT token briefly spiked but then fell sharply, while the largest cryptocurrencies are experiencing negative returns. Analysts are concerned and believe that the lack of momentum could be due to the chaotic market conditions, the popularity of meme coins, and the unprecedented nature of the current crypto landscape. The impact of the FTX repayments remains uncertain.



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