Big news for Solana!
On March 1, 2025, FTX will release approximately 11.16 million Solana tokens, with a total value of up to $2 billion!
This accounts for 2% of SOL's current market value, which is quite a significant amount.
Imagine so many tokens flooding into the market all at once, like throwing a big stone into a calm lake; the market is sure to create ripples.
As for whether SOL's price will drop, that's hard to say.
It depends on how many people want to buy SOL at that time, the sentiment of investors, and the overall market environment.
Opinions on SOL's future price vary.
Some believe it could drop by 7.81% over the next month, falling to $219 by March 16.
But there are also more pessimistic predictions, suggesting it could drop to $159 by the end of March, which would be a significant decline.
In summary, this “big release” from Solana is a major event worth paying attention to; let's wait and see how SOL's price will fluctuate.
Stay tuned: JUV OM ACM BURGER TROY