📉 The drop in SOL is picking up speed as FTX kicks off another auction for locked Solanas! 🔒💨 In the third sale process of locked SOL assets, FTX is putting up approximately 41 million SOL for grabs, with bidding set to close on May 9. 🛒💰 These assets, locked for a period of 4 years, will be unleashed into the wild with staking rewards distributed according to a set schedule. ⏳💸

FTX's journey to repay creditors has been eventful, with previous sales netting them a staggering $1.7 billion in revenue! 💰💼 From Galaxy Trading to Pantera, big names have lined up to snag SOL assets at auction, with bids ranging from $85 to $110 per cryptocurrency. 💸💼

As the bidding period comes to a close, SOL's price seems to hover around last month's auction levels, maintaining the suspense for potential buyers. 🤔💼 Meanwhile, FTX's announcement of refunds for creditors brings a glimmer of hope, with 98% set to be paid at a rate of 118% after court approval. 📈🤝

Hold onto your seats, crypto enthusiasts, as the saga of FTX's asset sales continues to unfold! 🚀🌟 #FTXAuction #CryptoDrama #SOLAdventure 💼🔒

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