#FTXrepayment

📉$SOL & its ecosystem tokens are leading the losers today as selloff fears continue to loom.

FTX will unlock 11.2M SOL (~$2.06B) on Mar 1, as part of bankruptcy proceedings.

Galaxy Digital scooped up 25.52M SOL at $64 each during earlier liquidations.

Even at today’s price of ~$166.8, they're up 160.6%.

SOL price is back to its Nov. 6 range, but the sentiment is different 🔓