FTX has received approval for the liquidation of its assets. Their largest cryptocurrency holding is in $SOL, with a significant portion of their $SOL holdings currently locked and not fully vested until 2027. If FTX proceeds with the liquidation, it could potentially generate fear, uncertainty, and doubt (FUD) in the market, leading to selling pressure on $SOL. This situation might even present an opportunity to purchase $SOL at a price range of $5 to $3.

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Event ends: August 9, 16:00 UTC
More details: https://www