📢 In the last epoch 512 of the Solana (SOL) network, 19.637 million SOL were unfrozen, which is about $449 million. Most of the unfrozen tokens are the assets of a16z and Alameda (now or ftx estate). 💰
Among the major players who unfrozen their assets is Andreessen Horowitz (a16z), who unfrozen about 7 million SOL. Also, three accounts allegedly belonging to the fallen crypto exchange FTX and its sister company Alameda Research unfrozen 2 million, 4.5 million and 3 million SOL. 🌐
SOL's price remains stable despite the ongoing trial of former FTX founder and CEO Sam Bankman-Fried (SBF) on charges of fraud and money laundering. At the same time, over the past seven days, the price of SOL has increased by more than 13%. However, in the last 24 hours, as the Bankman-Fried trial entered its third day, SOL prices fell slightly, losing about 2% of their value. 📉
It is unclear what impact unfreezing SOL will have on the token's price, but many market observers expect most of the unfrozen assets to be sold.
Among the major players who unfrozen their assets is Andreessen Horowitz (a16z), who unfrozen about 7 million SOL. Also, three accounts allegedly belonging to the fallen crypto exchange FTX and its sister company Alameda Research unfrozen 2 million, 4.5 million and 3 million SOL. 🌐
SOL's price remains stable despite the ongoing trial of former FTX founder and CEO Sam Bankman-Fried (SBF) on charges of fraud and money laundering. At the same time, over the past seven days, the price of SOL has increased by more than 13%. However, in the last 24 hours, as the Bankman-Fried trial entered its third day, SOL prices fell slightly, losing about 2% of their value. 📉
It is unclear what impact unfreezing SOL will have on the token's price, but many market observers expect most of the unfrozen assets to be sold.