{"id":38544,"date":"2025-07-24T10:46:31","date_gmt":"2025-07-24T10:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=38544"},"modified":"2025-07-24T10:46:31","modified_gmt":"2025-07-24T10:46:31","slug":"crypto-prices-dump-as-ftx-plans-september-payout-snort-is-a-smart-buy-now","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=38544","title":{"rendered":"Crypto Prices Dump as FTX Plans September Payout: $SNORT Is a Smart Buy Now"},"content":{"rendered":"<div>\n<p>The entire crypto market is on a down-drift after what seems to be a prolonged market correction, forcing Bitcoin down to $118,148 after a 0.40% slip over the past 24 hours.<\/p>\n<p>While there are multiple proposed reasons for the current market shift, one of them seems to connect to FTX\u2019s payment plan set to come into effect in September.<\/p>\n<p>The now-defunct exchange will <a href=\"https:\/\/www.prnewswire.com\/news-releases\/ftx-sets-next-distribution-date-following-disputed-claims-reserve-reduction-302512444.html\" target=\"_blank\" rel=\"noopener nofollow\">release another court-approved payment round of at least $1.9B<\/a> through the same third-party entities: Kraken, Payoneer, and BitGo.<\/p>\n<p>This marks the third big payout in 2025 as part of FTX\u2019s efforts to repay their creditors and redistribute $14.5B in damages.<\/p>\n<p>FTX\u2019s upcoming payment could explain, at least in part, the current market shift by digging up the doubt and fear linked to the disgraced exchange, following Sam Bankman-Fried\u2019s scam.<\/p>\n<h2>Bitcoin\u2019s $86M Outflows Force the Market Sentiment Down<\/h2>\n<p>An even bigger factor for the current market sentiment seems to be Bitcoin\u2019s $86M in outflows, with BlackRock ($IBIT) and Fidelity ($FBTC) bearing most of the burden, with $142.48M and $227.24M respectively.<\/p>\n<p><a href=\"https:\/\/x.com\/thepfund\/status\/1948206162576572663\" target=\"_blank\" rel=\"noopener nofollow\">Trader T is the bearer of bad news<\/a>, keeping track of Bitcoin\u2019s performance and highlighting the three consecutive days of consistent outflows.<\/p>\n<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-539090\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Trader-T-X-post.png?w=365&amp;resize=521%2C600\" alt=\"Trader T X post\" width=\"521\" height=\"600\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Trader-T-X-post.png?w=605 605w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Trader-T-X-post.png?w=365 365w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Trader-T-X-post.png?w=573 573w\" sizes=\"(max-width: 521px) 100vw, 521px\">The outflows aren\u2019t bad on their own, but their impact on the market is. Entities like Fidelity, for instance, may be forced to liquidate their Bitcoin holdings to cover the withdrawals, which could increase the sell pressure, amplify price volatility, and push market sentiment even lower.<\/p>\n<p>But what are the triggers behind this sudden market shift, given that FTX\u2019s payment plan couldn\u2019t account for it on its own?<\/p>\n<p>Several factors may contribute to the current market shift:<\/p>\n<ul>\n<li>The economic uncertainty linked to the persistent inflation, geopolitical tensions, and the <a href=\"https:\/\/tradingeconomics.com\/united-states\/interest-rate\" target=\"_blank\" rel=\"noopener nofollow\">US Federal Reserve increasing interest rates<\/a><\/li>\n<li>Profit-taking behavior following the market\u2019s recent rally, which saw Bitcoin pushing above $123K and triggering the sell mentality once it stabilized below $120K<\/li>\n<li>Portfolio rotation, as investors flee the stagnant Bitcoin to more <a href=\"https:\/\/bitcoinist.com\/best-altcoins-to-buy\/\" target=\"_blank\" rel=\"noopener \">promising altcoins<\/a><\/li>\n<li>Caution and uncertainty relating to the still-ambiguous legal framework for stablecoins, partially stemming from the SEC delaying several ETF approvals<\/li>\n<\/ul>\n<p>However, while the market is on the back foot, it\u2019s unlikely to backpedal for too long. The <a href=\"https:\/\/feargreedmeter.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Fear and Greed Index<\/a> is already telling half the story, with the community sentiment still borderline extremely greedy.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" class=\"wp-image-539092 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=640&amp;resize=700%2C252\" alt=\"Fear and Greed Index\" width=\"700\" height=\"252\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=1539 1539w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=640 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=768 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=980 980w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=1536 1536w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=750 750w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Fear-and-Greed-Index_1f3b1c.png?w=1140 1140w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\"><a href=\"https:\/\/x.com\/TATrader_Alan\/status\/1948001926618218660\" target=\"_blank\" rel=\"noopener nofollow\">Trader Tardigrade seems to nourish similar sentiments<\/a>, stating that, based on the market\u2019s performance, crypto is set to become the largest asset in the world.<\/p>\n<p>Another crypto analyst, <a href=\"https:\/\/x.com\/Washigorira\/status\/1948114269444120728\" target=\"_blank\" rel=\"noopener nofollow\">Titan of Crypto<\/a>, hints at a second Breakout coming, which would be the final hurdle before Altcoin Season 3.0.<\/p>\n<p>With the market winding for a coming rally, some assets may experience higher gains than others, especially those with blockchain utility and massive long-term potential.<\/p>\n<p>Snorter Token is one of them, introducing the Snorter Bot, the trading companion which snipes hot tokens milliseconds after liquidity appears.<\/p>\n<h2>How Snorter Token ($SNORT) Makes Coin Hunting Easy and Rewards<\/h2>\n<p><a href=\"https:\/\/bitcoinist.care\/box_bf24ee06a152a4882e1ed60857a91e12?referrer=why-is-crypto-market-down-today-ftx-payout-etf-outflows-might-explain\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Snorter Token\u2019s ($SNORT)<\/a> Snorter Bot promises to become the most proficient coin hunter, thanks to its ease of use, integrated scam alerts, protecting against suspicious projects, and its appetite for hot and booming tokens.<\/p>\n<p><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" class=\"wp-image-539093 aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=589&amp;resize=700%2C499\" alt=\"Snorter Token presale page\" width=\"700\" height=\"499\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=987 987w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=589 589w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=768 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=925 925w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=120 120w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=350 350w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2025\/07\/Snorter-Token-presale-page_8fda36.png?w=750 750w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\">The Aardvark sniper is the perfect solution to manual coin hunting, which demands high technical knowledge and subjects you to potential scams like honeypots and rug pulls.<\/p>\n<p>The Bot operates in its Telegram chat-only, centralizing its activity in one place and rendering the need for multiple wallets, plug-ins, and browser extensions obsolete.<\/p>\n<p>You only need to instruct the Bot accordingly and watch it claim its victims milliseconds after liquidity becomes available. This reaction time puts UIs like Raydium, Pump Fun, and Jupiter to shame.<\/p>\n<p>Based on these facts, Snorter Token is set to become one of the <a href=\"https:\/\/bitcoinist.com\/best-meme-coins-2\/\" target=\"_blank\" rel=\"noopener \">best meme coins<\/a> on the market, following successful implementation and witnessing widespread adoption.<\/p>\n<p>The project is currently in presale, having accumulated over $2.3M with a token price of $0.0991.<\/p>\n<p>Given Snorter Bot\u2019s roadmap and efficiency, we expect the project to witness growing success post launch. In that context, $SNORT could easily push to $0.94 shortly after its public listing.<\/p>\n<p><a href=\"https:\/\/bitcoinist.com\/snorter-token-price-prediction\/\" target=\"_blank\" rel=\"noopener \">A 2030 price point of $3.25 or higher<\/a> is also expected in a pro-crypto context and following mass adoption. Based on today\u2019s price point of $0.0991, this translates into a 5-year ROI of 3,179%.<\/p>\n<p>If you want to support the project and <a href=\"https:\/\/bitcoinist.com\/how-to-buy-snorter-token\/\" target=\"_blank\" rel=\"noopener \">buy yourself some $SNORT<\/a>, go to the presale page and place your order today.<\/p>\n<h2>Is the Crypto Market in Recession?<\/h2>\n<p>Despite the heavy Bitcoin outflows and the perceived market uncertainty, the bullish market sentiment seems to suggest that what we\u2019re seeing is not recession, but rather market correction, following the recent generalized rally.<\/p>\n<p>We expect Bitcoin to push again soon, once it clears the psychological threshold of $120K, at which point projects like <a href=\"https:\/\/bitcoinist.care\/box_bf24ee06a152a4882e1ed60857a91e12?referrer=why-is-crypto-market-down-today-ftx-payout-etf-outflows-might-explain\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Snorter Token ($SNORT)<\/a> will also steam up.<\/p>\n<p>Remember, this isn\u2019t financial advice. Do your own research (DYOR) and invest wisely.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The entire crypto market is on a down-drift after what seems to be a prolonged market correction, forcing Bitcoin down to $118,148 after a 0.40% slip over the past 24 hours. While there are multiple proposed reasons for the current market shift, one of them seems to connect to FTX\u2019s payment plan set to come [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-38544","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38544"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/38544\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}