So, May 1 rolls around, and guess what? Another 73,700 SOL tokens are scheduled to unlock. Great! Just what we needâmore tokens out there, valued at about $8.6 million. A real gift, right? đ But hold onâthis just might send Solana (SOL) slumping back to the $110 range. Perfect!
You know, FTX and Alameda wallets are still hanging on to these SOL reserves like they’re some sort of collectible baseball cards. According to Arkham Intelligence (great name, by the wayâsounds like a spy agency), while this batch has been unstaked, itâs not even out there being sold yet. Itâs just… chilling. Seriously? Just chilling! Like, what are they waiting for? A parade? đ
Meanwhile, the majority of FTXâs SOL holdings are still staked. We’ve got about 5.36 million tokens still locked up, worth an estimated $619 million. I mean, is there a bank heist happening that we donât know about? What a setup!
But, of course, everyone’s monitoring FTX’s next disastrous moves. The looming supply overhang is like that off-key note in a perfectly good song, just ruining everything, you know? Analysts are out here saying it could destabilize the asset if FTX decides to liquidate large chunks during low liquidity. Wow, what a buddy system weâve got going on here!
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2025-04-11 20:42