FTX's bankruptcy saga intensifies as 11.2 million SOL tokens worth $2.06 billion are set to be unlocked on March 1st.
Three auctions sold 41 million SOL, with Galaxy leading at 25.52 million SOL, yielding a 187% return.
The final 11.2 million SOL unlock could spark more volatility in the Solana market, impacting FTX's restructuring.
The high-profile auction has the potential to draw more attention to the cryptocurrency industry and have a profound impact on the whole crypto market.