TheStreet - FTX dumping its $1 billion of SOL won't hurt the solana price

blockchainhorror (73)in #blockchain • last year

FTX has been approved to liquidate its crypto holdings, including $1 billion in solana tokens.

However, the liquidation will be gradual and much of the solana is locked up, so it is unlikely to have a significant impact on the SOL price.

The Solana Foundation itself is issuing more SOL tokens each month, so FTX's liquidation is relatively minor in comparison.

What do you think?

last year in #blockchain by blockchainhorror (73)

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jswit (70) last year

Upvoted! Thank you for supporting witness @jswit.

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