Crypto whales buying memecoins like NEIRO, FWOG as judge approves FTX bankruptcy plan
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Smart money is buying memecoins after a U.S. judge approved the FTX repayment plan, boosting liquidity and driving interest in Flockerz presale, the first Vote-to-Earn DAO.
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Smart money traders are buying memecoins after a U.S. judge approved the FTX repayments plan.
The move is expected to inject new liquidity into the crypto market, which would drive up prices.
Prominent Trader to Buy Neiro, Fwog, and KHAI
It’s estimated that $2.4 billion could enter the crypto market on the FTX reorganization plan.
The payments are expected to occur late in Q4 and provide significant liquidity into the crypto markets.
K33 predicts that of the $16 billion in repayments, $2.4 will be reinvested into the market.
According to Reuters, those with under $50,000 on the exchange – which accounts for 98% of defunct users – will be repaid and receive their funds within 60 days of the plan’s effective date.
Prominent industry figure TraderSZ told his 600K X subscribers that he will be adding to his NEIRO, FWOG, and KHAI positions on the news.
TraderSZ made a name for himself recently by tipping Neiro when it had a $1 million market cap in August. Today, NEIRO is sitting at approximately a $700 million valuation.
His pinpoint accuracy sparked a lot of interest in his new positions on the FTX repayments plan news.
Adding to the excitement, analyst Mister Crypto highlighted that the 60-day repayment schedule lands soon after the U.S. elections, in which Donald Trump is now a favorite, according to Polymarket.
A Trump win is expected to be a net positive for the crypto industry – British multinational bank Standard Chartered forecasts Bitcoin to 3x, Ethereum to 4x, and Solana to 5x in 2025 – but only Trump takes office.
According to Mister Crypto, this confluence of FTX repayments and the U.S. elections is significantly bullish for the crypto market.
The added volatility of meme coins typically makes them more lucrative during bullish periods, albeit more risky in bearish periods.
But with a strong tailwind ahead, it’s clear why TraderSZ is allocating more capital to memecoins.
The analysts’ most recent big win was a 700x, calling First Niero On Ethereum when it had a $1 million market cap.
Shortly after TraderSZ invested, the low-cap memecoin was listed on Binance due to being a “community takeover” CTO token.
Binance has picked up on the CTO narrative due to its decentralized nature, which is something that is popular among investors.
And with NEIRO now up 700x from TraderSZ’s original call, traders are now searching for the next low-cap community meme coin that could explode.
One promising alternative is Flockerz, a decentralized presale token that has raised $540K so far.
New Mmmecoin to watch: First “vote-to-earn” dao project flockerz raises $550k in presale
Investors are rapidly moving into the Flockerz presale, hoping it could be the next big memecoin.
It follows a blueprint similar to First Neiro On Ethereum in that it is community-led. However, it has numerous advantages.
Most of all, it operates as the first-ever Vote-to-Earn decentralized autonomous organization (DAO).
This means that FLOCK holders will shape the project’s future via on-chain voting – and the best part is that they’ll get paid for doing it.
It’s a setup that encourages ecosystem participation while aligning user incentives with the project’s success.
Flockerz also has a staking mechanism that rewards FLOCK holders. Staking is live and currently provides a 3,353% APY, but this will decrease as the staking pool grows.
There’s massive excitement behind this use case, reflected in the presale’s $350K raise.
However, excitement is shared by leading industry experts, including Jacob Bury.
Bury recently told the 99Bitcoins YouTube channel that he thinks Flockerz can 100x after its presale.
Indeed, it’s an ambitious target, but considering the 700x rise of NEIRO, it can’t be ruled out.
Today, the FLOCK presale price is $0.005724, but this is expected to rise throughout the campaign.
For more information, visit the Flockerz presale website.
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