Investor Debate: FTX's $7.5B Solana Sale - Staged Sale or Strategic Allocation?

Solana (SOL) plummeted final week, fueled by the Solana FUD (concern, uncertainty, and doubt) syndrome sparked by the latest revelation that the SOL token was linked to the now-defunct FTX change. This sudden reversal got here after a latest rally that noticed Solana rise by over 60% in lower than a month.

The mixture of FUD surrounding Solana and the worth crash has brought on panic within the crypto neighborhood, with some customers involved that the FTX connection may put additional bearish strain on SOL and delay the Solana value crash.

Crypto analyst Mezoteric highlighted the gravity of the scenario on Twitter, suggesting that the FTX-related revelations may lead to a $6 billion promoting strain on Solana:

See also  Whale withdrew hundreds of ETH to purchase UNI and AAVE

Mezoteric shared…

The publish Solana’s FTX Connection Sparks FUD, SOL Falls 23% appeared first on Coin Version.