๐จ #solana Token Unlock : $1.57B in $SOL Released! ๐จ
#FTX โs bankruptcy estate is unlocking 11.2M SOL ($1.57B) today, raising concerns about selling pressure. With major buyers like Galaxy Digital, Pantera Capital, and Figure & Partners, will the market absorb this influx?
๐ Key Details:
โ Tokens Released: 11.2M SOL (2.2% of supply)
โ Buyers Paid: $64โ$102 per SOL in private deals
โ #sol Price: $140 after rebounding from a 4-month low
๐ Will Solana Hold or Drop? Some investors stay bullish, but market sentiment remains mixed.
Will SOL recover or face more downside? ๐ค๐