To be honest, why did I consider SOL in this bull market?
The core is that there is capital behind it. First of all, SOL itself is a semi-decentralized product and will face supervision, but it also proves that the direction of this project can be smoothly controlled after supervision. Secondly, SOL's fundamentals, development, technology, and ecology are basically flawless.
From the perspective of capital, promoting SOL is profitable. First of all, it can promote the sale of FTX's existing SOL. Secondly, the smooth promotion of SOL will leverage more resources and profits, which may be an important bargaining chip for some people.
But from the perspective of FTX's sale of SOL assets, SOL with a higher valuation and price must be more convenient for the sale of SOL, and a large number of FTX's SOL will be locked for about 4 years after the sale. Buying institutions are not fools. If there is no profit, they will not actively bid. Of course, it is not ruled out that someone has painted a big pie for everyone and completed the possibility of a comprehensive harvest.
