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FTX’s Billion-Dollar Solana Dump Threatens to Derail Crypto’s Hottest Comeback Kid

FTX’s Billion-Dollar Solana Dump Threatens to Derail Crypto’s Hottest Comeback Kid

Blockworks
Author:
Blockworks
Release Time:
2025-04-30 21:03:56
0

FTX repayments loom over Solana

Solana’s 2024 rally faces its first real stress test as FTX’s bankruptcy estate prepares to offload $2.6B in SOL tokens—just as the network hits its stride.

The looming sell-off could flood the market with discounted SOL, creating a brutal irony: the very exchange that turbocharged Solana’s rise now threatens to undercut its recovery. Traders are bracing for impact while VC funds quietly position their buy orders.

Nothing unites crypto like a good old-fashioned fire sale—especially when Wall Street’s leftover bags become retail’s problem.

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