$SOL The price rose to $25 in a week, and now it has fallen back to $23
When FTX passed the court approval to sell its assets, it was mentioned that as the currency with the largest holdings in FTX, if it flows into the market, it will bring a significant downward trend in the price of SOL.

Another thing worth noting is that during epoch 512, 19.63 million SOL tokens were unstaked.
The address that canceled the pledge currently appears to belong to A16z and FTX’s big boss Alameda
A16z7.03 million
Alameda 7.51 million

SOL has always had the highest pledge rate in the POS chain, which is mainly related to its APY of 6.8% per pledge period.
However, judging from the sudden cancellation of pledge by A16z and Alameda, the possibility of selling cannot be ruled out.
In addition, the SOL in FTX’s assets is worth about $1.2 billion [even if Bitcoin is facing a $1.2 billion sale, there will be a significant decline, let alone the current SOL]