FTX just sold $1.9 billion worth of SOL!

They did this to pay off some of the debt of their cryptocurrency exchange, which isn't working anymore. They sold Solana tokens for $64 each, which is less than what they're usually sold for, at $172.

Even though FTX sold a lot of SOL, people still think SOL is good. SOL's market value has been going up, and now it's the seventh biggest cryptocurrency.

A lot of companies wanted to buy the tokens, like Galaxy Digital and Pantera Capital.

Because FTX sold so many tokens, it might make the market a bit shaky. Some people noticed that FTX-related wallets moved a lot of SOL tokens to exchanges.

But even with all this, SOL's price only dropped a little bit, 0.2%, in the last day. This year, SOL's price went up a lot, 350%, even after people worried about what would happen after FTX and Alameda Research collapsed.

People on social media are talking a lot about what this sell-off could mean for SOL's price and the whole market. But most people still think things will go well.

Also, if you're interested in making money through free alpha airdrops, you can join these 10 airdrops here:

shorturl.at/blwyD

Just click the link in your browser, join, and start participating. You don't need to invest anything.

If you have any questions, drop them in the comments, and I'll help you out.