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Solana News: FTX SOL Liquidation Looms—How Will 11.2M Tokens Impact Crypto Prices?

  • On March 1, 11.2 million SOL tokens worth $2.06 billion will be unlocked from the FTX bankruptcy auction, marking a major event in the cryptocurrency market.
  • The unlock event offers an opportunity to monitor price fluctuations, and if SOL’s value decreases due to increased supply, investors may seize the chance to acquire the token.
  • The market reaction to the upcoming 11.2 million SOL unlock depends on factors like the speed of token release, liquidation method, and demand absorption.
  • Some analysts remain optimistic about Solana's long-term prospects, as the blockchain continues to drive innovation in decentralized applications, decentralized finance, and non-fungible tokens.

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