If you’ve been following my previous posts, I mentioned buying Solana (SOL)—but right now, SOL is down 7%, trading between $150-$160 📉. This dip is largely due to the selling of sol by binance and Bybit hack news.
However, there’s another major factor circulating on Twitter—FTX bankruptcy-related SOL unlocks. Out of the 41M SOL auctioned after FTX’s collapse, 11.2M SOL will be unlocked on March 1. This could trigger a sharp price increase next month 📈.
As I previously advised, only deploy 30% of your capital. Now that buyers at this level have been liquidated, it’s a great opportunity to go aggressive on Solana! 💥 #crypto #solana #FTX #Bullish $SOL