Solana ($SOL) Faces Market Uncertainty with $2 Billion Unlock from FTX Estate

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The cryptocurrency market has recently been on a roller coaster ride, with some dramatic shifts in market dynamics over the past several weeks. One of the most talked-about and notable events is the impending unlock of 11.2 million Solana ($SOL) tokens. This event, set for March 1, is connected to the ongoing bankruptcy situation of the FTX exchange. The FTX lawyers currently estimate that FTX holds around 3.3 million of the yet-to-be-unlocked $SOL tokens. Stirring talks and fears among traders and investors that these token unlocks will lead the cryptocurrency market into a downturn—the doomsday scenario for crypto—is above all

The post Solana ($SOL) Faces Market Uncertainty with $2 Billion Unlock from FTX Estate appeared first on The Merkle News.

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