#threadstorm 🧵
Have you seen the discussions over the possibility of.a Solana crush because of the SOL bag FTX has to liquidate?
The news is true but there are some little details over the liquidation plan for SOL tokens!
#threadstorm 🧵
Have you seen the discussions over the possibility of.a Solana crush because of the SOL bag FTX has to liquidate?
The news is true but there are some little details over the liquidation plan for SOL tokens!
Basically, SOL tokens are staked on the blockchain.
As they cannot be in the form of liquid, the lawyers of FTX have to wait for 2025 to unlock the tokens. Meanwhile, it is not possible to dump 10% of the total supply as people say
There are some other ways that tokens can be traded without dumping, too.
Let's discuss SOL and FTX case on #leofinance
#outreach #leothreads #threads #gosh
https://leofinance.io/@idiosyncratic1/is-solana-safe-from-ftx-selloff-plan