๐๐ก๐ฒ ๐๐จ๐ฅ๐๐ง๐ ๐๐ฌ ๐ ๐๐ฅ๐ฅ๐ข๐ง๐ & ๐๐ก๐๐ญ'๐ฌ ๐๐ก๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ $๐๐๐ !! ๐๐จ
I'm puzzled by the nearly 50% sell-off of #solana due to:
**Declining Interest**: Fewer active addresses and lower transaction volumes.
**Bearish Signals**: Monthly RSI below 50.
**FTX Effect**: Uncertainty from #FTX's $2 billion repayment in Sol.
Over $6 billion has been withdrawn due to launch issues.
However, recovery potential exists as major investors like @PanteraCapital, @FigureMarkets, and @GalaxyDigital have acquired all $SOL tokens from the #FTX estate sale, which could stabilize the market.