๐จ Why is Solana (SOL) Suddenly Dumping? ๐จ
Many traders are puzzled by Solanaโs (SOL) sudden dip, but the key reason lies in FTXโs massive repayment plan.
FTX is set to repay $16 billion to creditors. While some see this as liquidity returning to the market, the reality is quite different. A significant portionโover $2 billionโwill be issued in Solana (SOL), creating heavy selling pressure.
๐ What Does This Mean?
๐น Increased SOL Supply โ More tokens entering the market = more selling pressure.
๐น Market Cap Impact โ A surge in supply with stable demand leads to short-term price decline.
While liquidity is moving, this SOL dump is more about excess supply than fresh money flowing in. ๐ Stay patientโthis is just a short-term effect! โณ๐