The wallet associated with the deleted Crypto Exchange FTX, which was deleted after 186,000 Solana (SOL) tokens on Friday, caused another potential selling.
The transaction, which amounts to about $ 21.5 million, has the latest assets in a series of assets unlocked by bankruptcy exchanges that want to repay the creditor.
Last month, the same wallet marked as “FTX/ALAMEDA Starking” was almost the same amount of soles, and eventually moved to an unknown wallet. This is a movement that matched the previous market pressure.
Overall, FTX and HEDGE Fund Alameda have more than 3 million soles. Once it is not over, the token becomes a liquid and can be sold in the public market, raising concerns about the downward pressure on the price of the SOL.
Solana (SOL) price shows power
Despite the significant launch, Solana’s price has risen slightly, increasing 3.57% for the last 24 hours to trade to almost $ 119 on Friday.
Solana is even the second largest USD Coin, the second largest stablecoin, has secured a sixth largest encryption with $ 66.9 billion in market value.
However, trading activities have gained popularity of $ 4.22 billion in almost 30%of daily volume.
Technical indicators point to important prices
SOL traders and investors are closely seeing Solana’s price behavior, showing signs of power.
Crypto Trader Cryptorand says Solana has rebounded at the recent price level and is currently testing major resistance areas of $ 125.
According to him, if Solana can stand convincingly beyond resistance, it can notify the end of the downward trend and start a greater upward movement.
The market rebounds after Trump’s suspension of tariffs
The financial market, including Crypto, was shaken earlier this week as the concern about the trade war that President Donald Trump began.
Trade conflicts affecting many countries around the world have raised fear of economic turmoil.
But Trump’s decision to pause most of the new tariffs for 90 days helped to ease this fear, and the purchase of stocks and encryption markets surged.
Solana’s growth forecast in the market rebound
If the global market recovers stability, Solana’s prospects will be more prominent. Investor sentiment is strengthened by discussions over the potential inclusion of SOL in the US Digital Asset Reserve, related to Solana -based exchange transaction funds (ETF).
In addition, the upgrade of the upgraded FireDancer, which is scheduled to be a complete main net release in 2025, is expected to enhance its position in the crypto market by improving Solana’s performance and reliability.
Why this is important
FTX’s asset movement continues to reflect on the market, but Solana shows amazing strengths. Carefully cooled with macroscopic tension, and traders can give you a chance due to the main upgrades of the horizon.