The post Solana Faces Pressure as FTX Holds Over $1 Billion in SOL Amid Liquidation appeared first on Coinpedia Fintech News
Solana in Trouble! FTX still holds over $1 billion in Solana (SOL) tokens as part of its ongoing bankruptcy liquidation. The exchange has 7.06 million SOL, worth $945.7 million, staked but unsold, adding pressure to Solana’s market value. Despite recent sales of 530,000 SOL by FTX and Alameda Research, significant holdings remain. The crypto market faces heightened scrutiny and declining Solana DEX volumes, with prices near critical technical levels. As FTX continues its token sell-off, market watchers are bracing for potential impacts on SOL’s price.
