Solana will cancel 2 billion dollars insurance from Sol on March 1 from FTX ESTATE – the time of sale?
Solana (Sol) contracts will work at 11.16 million Sol on March 1, at a value of more than $ 2 billion at current prices. This will come from the previously purchased symbols and was subsequently sold by Excination Excination FTX, which is part of the bankruptcy process.
like Advocated in Blockworks The newsletter, “FTX ESTATE was sold with a number of distinctive symbols that are still listing for investors with a great discount on the market price”, after the stock exchange. Data from Missari He appears To have FTX ESTATE 11.2 million Sol to be opened, including March 1 event.
The upcoming locking amount accounts for more than 2.2 % of Solana supplies of 488.28 million. According to to Coinmarketcap. While the tremendous sale is possible, given that buyers are already profit, some analysts believe that the threat is low.
Matt Maximo, a Vaneck investor, for example, says he personally knows that some buyers who claim will not sell before a ten -fold return on this investment. However, intentions can change over time and it is impossible to predict human behavior.
“I attracted the sale of the FTX Estate from Solana Tokens … many new investors to Sol. We will soon learn their number in the long run.”
Matthew Sigil, head of digital assets, said.
Solana (SOL) price analysis with the upcoming FTX opening
By the time of the press, Sol is traded at $ 198.61, and failed to separate from the level of psychological support and resistance $ 200. Solana is struggling with what appears to be the scope of technical unification after being disrupted in early February with other encrypted currencies.
Solana now records 2 % losses at the last 30 days, but it decreased by 30 % of the top of this period at $ 286.
Thus, opening $ 2 billion on March 1 can put more pressure on the Sol price in this context. Investors who were in the past can see this an additional incentive for Derisk and the realization of the current profit, which increases the potential pressure pressure, unless the feelings change.
As the massive lock is approaching, Sol holders and investors will have a decisive decision to make it in the following weeks. Risk management and mitigating strategies will be very important to navigate the following for Solana. However, this will also represent an important milestone, leaving this FTX ESTATE ghost behind it, and opening the doors for future growth.
Distinctive image from Shutterstock.
