FTX Sells $230M in Solana Tokens Amid Recovery Efforts

SOLANA Urgent Update: FTX Sells $230M in Solana Tokens Amid Recovery Efforts

➡️ SOL Sale Details:
▪️Amount Sold: 1.8 million #Solana tokens
▪️Buyers: Galaxy Trading and Pantera Capital
▪️Price Range: $95 to $110 per token
▪️Unlocking Period: 4 years

➡️ Market Chart Analysis Update:
▪️Current Chart Analysis: SOL is showing bearish signs, struggling to maintain above $127.
▪️Potential Downside: If it breaks below $127, prices could drop to between $70-$80.
▪️Historical Note: #SOL was priced at just $8 about a year ago.
▪️Important Note: Keep an eye on the red trend line; crossing it could mean Solana becomes super bearish.

➡️ Discussion Point:
Could Solana hit $50? What are your thoughts given the current market conditions and recent sales?

Join the discussion and share your views!