$SOL The biggest problem currently: FTX unlock brings huge selling pressure
In the cryptocurrency market, the SOL coin has recently encountered difficulties. One of its biggest issues is the substantial selling pressure caused by the unlocking of FTX-related assets.
According to industry media such as CoinDesk, a large amount of SOL coins held by FTX is about to be unlocked into the market.
From a supply and demand perspective, when the supply significantly increases while demand does not correspondingly rise, prices often face downward pressure.
Real-time data from CoinMarketCap shows that after the news of the FTX unlock was announced, the selling pressure on the SOL coin market noticeably increased.
As a large number of SOL coins enter the market, it will directly increase the supply, breaking the original supply-demand balance. Sellers may lower prices to sell their SOL coins, leading to a price drop, while also triggering panic among investors, suppressing market demand, forming a vicious cycle, and exacerbating the price decline.
This issue brings great uncertainty to the price trend of the SOL coin, leaving investors worried about its future performance and damaging market confidence in the SOL coin.
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