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.

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