📢 FTX exchange is in bankruptcy process, going to court on September 13 with a request to convert its crypto assets into fiat currency. This raises hopes of repayment of approximately $3.4 billion from creditors and token holders. 🚀
- FTX is on the agenda with its plan to sell its largest asset, SOL tokens worth millions of dollars.
- However, the company can only sell $100 to $200 million in crypto assets per week, as most of it is locked until 2028.
- SOL price may be affected in the short term, but the market decline may be less than expected.
As a result, investors and creditors are closely following the court process as selling pressure increases in SOL and FTT tokens.