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FTX Bankruptcy Saga: How 11.2 Million SOL Tokens Will Impact Solana’s Market

  • 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.

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