FTX withdrew 31 million dollars from SOL, attracting attention during the bullish phase of the market.

FTX has unlocked a large amount of Solana tokens worth approximately $31.3 million, raising concerns about selling pressure amid the booming crypto market. Data shows that this bankrupt exchange transferred 189,851 SOL as institutional demand for Solana increased. Some traders view this as a normal move, while others warn that unlocking large assets could cause short term volatility.

Analysts are divided in their opinions; some argue that the released SOL could be used for other investments, while others emphasize the strength of the Solana network with daily trading volumes exceeding $30 billion. FTX is in the process of redistributing $5 billion in assets, with many creditors coming from China. The current situation is being closely monitored.