FTX Solana Redemption Is a Threat For Solana Price?

FTX Solana Redemption:

FTX has redeemed approximately 177,693 SOL tokens ($23.75M-$24M) from the Solana network.

_Key Points:_

- FTX still holds around 7.057M SOL tokens ($943M-$954M)

- Redemption likely for creditor repayment

- Market impact uncertain

_Solana Market Update:_

- Current price: $134-$135

- 24-hour change: +2.36%-3.5%

- Year-to-date gain: 35%

- 12-month gain: 650%

Future developments may influence Solana's price.

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