大解禁

Short-term negative factors suppress the upward trend

1. Bybit confirmed that it lost $1.4 billion in funds after hackers hacked into the company's multi-signature cold wallet. One expert called it "the largest cryptocurrency theft in history."

2. On March 1, 11.2 million SOLs from the FTX bankruptcy auction will be unlocked, worth $2.06 billion. The number of unlocked tokens accounts for about 2.29% of the current SOL circulation supply. Such a huge selling pressure coupled with the sluggish market conditions has caused the SOL price to perform quite sluggishly.

Since January this year, after Trump's TRUMP concept coin triggered a market frenzy, SOL once hit its all-time high of $295, and then fell all the way. The current weekly line has fallen for four years, with the lowest reaching around $160. This rapid rise and fall shows that most funds are not optimistic about the long-term market, and speculative funds are mostly, which is very similar to the state of A-shares#bybit被盗 #大解禁