#FTXrepayment FTX Repayment & Solana 11.2 M tokens unlock!!!

On-chain data reveals that 11.2 million SOL from FTX’s bankruptcy auction worth approximately 2.06 billion is set to be unlocked on March 1. Previously, FTX sold 41 million SOL across three auctions, with buyers seeing mixed returns: Galaxy purchased 25.52 million SOL at 64 each, now up 187%; Pantera and other institutions bought 13.67 million SOL at an average price of 95, gaining 93%. Figure and others acquired 1.8 million SOL at 102, with an 80% unrealized profit. Market participants are closely watching how these unlocked holdings will move.

What is FTX and why it collapse???

The March 1 FTX asset unlock will be the largest single unlock event in crypto history, with institutional buyers sitting on massive unrealized gains. This comes at a time when trust in the Solana ecosystem is crumbling. Investigative journalist Coffeezilla has launched an inquiry into certain projects within the ecosystem. Additionally, the LIBRA team (linked to Argentina’s presidential campaign scandal) has been accused of insider trading, though they claimed they "had prior knowledge but did not trade." Market panic stemming from the FTX collapse is at its highest since the event itself. As a former SOL bull, I must caution that institutional profit-taking, collapsing ecosystem trust, and fragile sentiment form a triple bearish catalyst. SOL's short-term risks currently outweigh its opportunities, and the ecosystem team must act with transparency to restore confidence.

So i think solana is in extreme danger if whales never support it. As per my opinion Eric Trump every tweet in which he want to buy some coins these coins drops after that you should analyse that, it's harsh true so take care next time. As per chart shows solana makes downtrend.

Thankyou and Thanks for your time