6% decline recorded in Solana amid fall in FTX

#Solana’s price has experienced a 6% drop in the past 24 hours amid concerns that the bankrupt cryptocurrency exchange, #FTX, may soon liquidate substantial portions of Solana-related crypto assets. Data from Solscan reveals that, when combining the values of the three publicly available FTX cold storage wallets, the FTX estate holds approximately $1.5 billion in crypto assets on the #Solananetwork. Of this significant sum, Solana tokens account for only $128 million. Worries about the potential sell-off have led some users to express concern, while others emphasize that the bankruptcy plan restricts token sales. The court is expected to review this plan on September 13 in the Delaware Bankruptcy Court. Currently, Solana is trading at $18.38, marking nearly an 11% decrease for the week.

Cryptocurrency News Today, Crypto Market News, the latest news on cryptocurrency, latest crypto news , latest news about cryptocurrency

To know more cryptocurrency news, visit: https://www.coingabbar.com/en/crypto-shorts-news/