Solana supply to jump 2.2% this Saturday in biggest unlock to date
On March 1, 11.2 million SOL will move from the FTX bankruptcy estate to claims buyers, including Galaxy Digital.
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On March 1, 11.2 million SOL will move from the FTX bankruptcy estate to claims buyers, including Galaxy Digital.
Read more (3 min) →Since it became clear that FTX and Alameda were struggling, the price of SOL has dropped over 50%, far greater than other network tokens.
On-chain researchers suggest FTX may be pulling assets from Solana's Wormhole protocol to make sure it can cover liquidity needs.