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

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I'm not a trader, but recent events foretell Solana's fall to the bottom. In addition to FTX, there is also a precedent with $Libra and this is not the first meme that has scammed Solana in a very short time. People are becoming disillusioned with the token. 🙂

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There is both bad and good news around any network, it all depends specifically on the team first and foremost