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FTX to Sell 177K Unlocked Solana Tokens – Is SOL in Danger?

FTX’s affiliated wallet has redeemed 177,693 Solana (SOL) tokens worth $23.4 million, raising concerns about a potential sell-off that could affect SOL’s price. The SOL price is currently stabilizing around $130, analysts believe a reversal is possible, fueled by network upgrades, meme coin resurgence. Defunct crypto exchange FTX, founded by Sam Bankman-Fried, is reportedly gearing…

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