Will FTX’s $5 Billion Stablecoin Distribution Trigger an Altcoin Pump?

After facing major upheaval, FTX is set to distribute a record-breaking $5 billion in stablecoins to creditors on May 30. This move could potentially spark a surge in altcoin prices and usher in an era of sustained growth for the cryptocurrency market, known as ‘altseason.’ Crypto analysts are closely monitoring this event, with some predicting a significant pump in altcoins alongside ETH hitting new highs.