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The price of Solana has plunged as the market fears a large FTX sell-off; however, it seems unlikely that the now-defunct exchange will dump all of its holdings at once.
The price of Solana SOL $18 has plunged more than 6% in the last 24 hours amid fears that bankrupt crypto exchange FTX may soon liquidate significant portions of the token and other Solana-affiliated crypto assets.
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