No, Solana (SOL) Won't Crash, FTX's 'Liquidation' Isn't What You Think

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No, Solana (SOL) Won't Crash, FTX's 'Liquidation' Isn't What You Think
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FUD around Solana not really justified

First off, the wallet in question belongs to Alameda and holds a staggering 26,740,743 staked SOL, locked until 2025-2028. What is up for grabs in the FTX liquidation is not these SOL tokens but the keys to this wallet. Only the future key holder will have the ability to unstake these tokens when the time comes.and Wrapped SOL that FTX/Alameda reportedly holds. Well, those have already been presold to the Solana Foundation.

A glance at Solana's price trends over the past month shows a range between $19.76 and $24.69. While the price has seen some fluctuations, there is no drastic drop or spike that would indicate impending doom. The market seems to be treating Solana with a level of stability, despite the surrounding chatter.

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