FTX is expected to start its asset liquidation process following court approval on September 13th. In total, it amounts to $3.3B, with $SOL being their largest holding with $1B. However, most of their $SOL tokens remain locked until 2028, with 14M-18M tokens distributed since 2020, totaling approximately $300M, which might be used as immediate sell pressure. It is speculated that the remaining $700M could be sold through OTC deals.
An Ape’s Prologue Monthly (September)
An Ape’s Prologue Monthly (September)
An Ape’s Prologue Monthly (September)
FTX is expected to start its asset liquidation process following court approval on September 13th. In total, it amounts to $3.3B, with $SOL being their largest holding with $1B. However, most of their $SOL tokens remain locked until 2028, with 14M-18M tokens distributed since 2020, totaling approximately $300M, which might be used as immediate sell pressure. It is speculated that the remaining $700M could be sold through OTC deals.