Following the FTT token, Solana (SOL) in particular is currently suffering a massive price slump. As a report revealed last week, the SOL token is one of the major assets on FTX’s balance sheet. If Binance pulls out of the FTX deal, it could mean a massive sell-off in SOL. Amid concerns about this scenario, the market already seems to be front-running. Over the past 24 hours, Solana (SOL) is down 36% and has slipped out of the top 10 by market capitalization. At press time, the SOL price recovered above the the major support at $18.53 which was established between April and June last year. However, SOL fell as low as $16.20 today, to a level not seen since March 2021. FTX holds about $1.2 billion in SOL tokens – $292 million in “unlocked SOL,” $863 million in “locked SOL,” and $41 million in “SOL collateral.” As some analysts warn, however, this impending doom could get even worse. A total of 18,775,348 SOL, the equivalent of about $330 million, will hit the market tomorrow. The reason for this is that in epoch 370 a total of those 18.77 million SOL can ..
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