Sense

Is Solana facing a wave of sales?

On March 1, almost 10 million SOL (~$1.8 billion) will come to the market - these are assets related to the FTX bankruptcy that were sold at auctions.

What is important to know?
The first buyers took SOL for $64
The second - for $95
The third - for $102

Those who bought the coins are now sitting on a huge profit. It's logical to assume that some of them will want to lock in their profits.

If a large volume of SOL appears on spot exchanges, the price could come under pressure. However, Solana remains in demand, and heavy spills are often quickly bought back.

Owner the best channel /sense

https://www.hypersub.xyz/s/sense-pr6yupxo2x34/1?referrer=0x3d335600833f6d4075184ea5350a3f37f3b82ce1

Possible sell pressure, but strong demand may absorb.🫡🫡