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Tag: Ftxs

Solana Plummets Below $160 as FTX's Covert SOL Assets Stir the Blockchain Sphere

Solana Plummets Below $160 as FTX's Covert SOL Assets Stir the Blockchain Sphere

In the rapidly evolving world of digital assets, recent developments have put Solana, a key player in the blockchain arena, under intense scrutiny The crypto landscape is abuzz with speculations surrounding FTX, a now-bankrupt crypto exchange, and its purportedly vast holdings in Solana tokens According to an individual alleging to have insider knowledge, the defunct exchange could possess up to 8% of the total Solana (SOL) supply, a revelation that has significant implications for the market The Alleged FTX Stash: A Cloak of Uncertainty Around Solana Speculation is rife that FTX's bankruptcy estate could be hoarding approximately 46 5 million SOL tokens, translating to a staggering $7 billion based on the current market valuation of around $150 per token...

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