Important DeFi News FTX has received the court’s approval to begin its asset liquidation process. In total, its assets amount to $3.3B, with $SOL being their largest holding valued at $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 Weekly (14 Sep)
An Ape’s Prologue Weekly (14 Sep)
An Ape’s Prologue Weekly (14 Sep)
Important DeFi News FTX has received the court’s approval to begin its asset liquidation process. In total, its assets amount to $3.3B, with $SOL being their largest holding valued at $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