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#solu On March 1, 11.2 million SOL from FTX's bankruptcy auction will be unlocked, worth 2.06 billion USD, and the number of unlocked tokens accounts for approximately 2.29% of the current circulating supply of SOL.
Such a massive selling pressure combined with a sluggish market has led to a relatively poor performance for SOL's price. Since January this year, after the Trump TRUMP concept coin sparked a market frenzy, SOL hit a historic high of 295 USD, only to decline sharply afterward, with the weekly price down for four years, reaching a low of around 160 USD. Is it Solana's turn to face FUD?