The Market Situation of SOL Coin After FTX Crisis

FTX’s collapse caused big fluctuations in the crypto markets and especially in altcoins. Altcoins like NEAR and SOL experienced difficult times, and the selling of assets during the repayment process of FTX’s creditors reduced the selling risk in the market. According to a report by Bloomberg, FTX’s sale of SOL coins caused a decrease in the market. Crypto Exchange Debts and SOL Coin Sales FTX sold $1.9 billion worth of SOL coins in order to reduce its debts. The sales took place during a period of high buyer interest and companies creating millions of dollars in funds to try to buy these assets. The amount of SOL coins held by the company decreased as a result of the sale. FTX’s SOL Assets and Market Impact FTX has reported holding a total of 41 million locked SOL coins, some of which have been sold. It is observed that different companies are […]

The Market Situation of SOL Coin After FTX Crisis

FTX’s collapse caused big fluctuations in the crypto markets and especially in altcoins. Altcoins like NEAR and SOL experienced difficult times, and the selling of assets during the repayment process of FTX’s creditors reduced the selling risk in the market. According to a report by Bloomberg, FTX’s sale of SOL coins caused a decrease in the market.

Crypto Exchange Debts and SOL Coin Sales

FTX sold $1.9 billion worth of SOL coins in order to reduce its debts. The sales took place during a period of high buyer interest and companies creating millions of dollars in funds to try to buy these assets. The amount of SOL coins held by the company decreased as a result of the sale.

FTX’s SOL Assets and Market Impact

FTX has reported holding a total of 41 million locked SOL coins, some of which have been sold. It is observed that different companies are creating funds to buy these assets. Despite the drop in value after FTX’s collapse, Solana’s value has risen again with strong community support.

GSOL Tröst contributes to the strong institutional demand that drives up Solana’s price, and it is noted that SOL coin continues to attract long-term investor interest. Solana also has the potential to reach millions of active users with its ability to make fast and cheap transactions.

Useful Information for Readers

FTX’s sales of SOL coins due to debts led to price fluctuations in the market.
High buyer interest and funds created by companies affected the asset selling process.
After FTX’s collapse, SOL coin managed to recover and rise above the $200 level.
Solana’s fast and cheap transactions continue to attract a wide user base.

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how to buy crypto?
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