A serious occasion is about to shake up the Solana (SOL) market on March 1, as 11.2 million SOL—price roughly $2.06 billion—shall be unlocked from the FTX chapter public sale. This marks the ultimate stage of FTX’s liquidation of its SOL holdings after promoting a complete of 41 million SOL throughout three separate auctions in response to Crypto analysts. Will this flood impression SOL’s worth? Let’s dive in.
FTX 破产拍卖的 1120 万枚 $SOL 将在 03/01 解锁，价值 20.6 亿美金🚨
FTX 曾在三次拍卖中出售 4100 万枚 SOL，TOP3 买家和拍卖价格如下
1️⃣Galaxy：$64 买入 2552 万枚，回报率 187%
2️⃣Pantera 及其他买家：$95 买入 1367 万枚，回报率 93%
3️⃣Determine 及其他买家：$102 买入 180 万枚，回报率 80% https://t.co/iPhqiR715C pic.twitter.com/sNvxXspz0S— Ai 姨 (@ai_9684xtpa) February 17, 2025
Who Purchased the SOL?
A number of main institutional gamers secured giant parts of SOL at completely different worth factors in the course of the earlier auctions. Galaxy Digital emerged as the most important purchaser, buying 25.52 million SOL at $64 per token, leading to an enormous 187% return primarily based on present costs. Pantera Capital and different corporations bought 13.67 million SOL at $95, seeing a 93% return, whereas Determine and extra consumers purchased 1.8 million SOL at $102, yielding an 80% return.
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How Will the Market React?
The unlocking of such a lot of SOL raises considerations over potential sell-offs, which may result in worth volatility. Buyers shall be intently watching whether or not these establishments resolve to money out their important earnings or maintain onto their holdings in anticipation of additional features. If a big portion of this provide hits the market, SOL’s worth may face downward stress.
Regardless of considerations of a sell-off, analysts imagine the danger is low, as many buyers plan to carry for long-term features. Buyers are suggested to watch the scenario fastidiously. Nevertheless, given the sturdy institutional backing and Solana’s ongoing development within the crypto house, some analysts imagine these corporations could decide to carry, to decrease the danger of losses.
Solana Present Market Snapshot
Solana (SOL) has lately dropped in worth after a rally, and it’s presently testing the $180 assist stage. Whereas it’s down about 6.6%, there are indicators that the promoting stress is easing up. If the value hits $182-$179, it may bounce again, but when it breaks beneath $175, the development would possibly shift. Crypto analysts suggest ready to purchase till the value goes above $187, however these on the lookout for short-term features can attempt shopping for at decrease ranges with warning. General, the market is a bit unstable proper now, so it’s essential to handle dangers fastidiously.
