FTX Puts Brakes on Solana’s $160 Surge, Coin Eyes 15% Correction

Solana’s price could face further downward pressure as the SOL staking address associated with FTX/Alameda redeems 178,631 SOL, valued at approximately $28 million.  If a significant portion of the redeemed SOL is sold on exchanges, the altcoin’s value may decline by double digits. The question remains: how soon will this happen? Solana At Risk As FTX Makes a Move Early Tuesday,... source: https://beincrypto.com/solana-price-eyes-correction/