#FTXrepayment FTX is seen as a bullish factor, as its assets are converted into stablecoins and funds are expected to flow back into the market.

The sale by FTX adds to the price pressure on Solana (SOL). FTX’s liquidator wallets have been sending SOL to Binance over the past week, with transactions selling to acquire more stablecoins.

The available SOL sales will be added to the upcoming SOL unlock, which FTX will receive as an early investor.