🚀Solana (SOL) just experienced a massive staking withdrawal! According to Solana Compass, approximately 19.6 million SOL worth $449 million was unstaken at Epoch 512. This withdrawal involved a16z releasing 7 million SOL and three accounts thought to belong to FTX and Alameda Research releasing a total of 9.5 million SOL.
However, SOL prices remain stable even though the court case of Sam Bankman-Fried (SBF), the former CEO of FTX, is still ongoing. SOL price is up more than 13% in the last 7 days, although it is down almost 2% in the last 24 hours.
The question is, will this SOL withdrawal have an impact on its price? Will SOL sell in large quantities? 🤔 Come on, give your opinion in the comments column! 👇
However, SOL prices remain stable even though the court case of Sam Bankman-Fried (SBF), the former CEO of FTX, is still ongoing. SOL price is up more than 13% in the last 7 days, although it is down almost 2% in the last 24 hours.
The question is, will this SOL withdrawal have an impact on its price? Will SOL sell in large quantities? 🤔 Come on, give your opinion in the comments column! 👇