- About 250,000 to 700,000 SOL have been sold daily by FTX for the last three weeks.
- SOL’s price jumped above $60, as GSOL’s premium also increased.
- While the price may retrace, it may not take long before SOL hits $70.
Despite being a notable casualty of the FTX contagion in 2022, Solana (SOL) has defied all odds in 2023, as the price continues to outshine its peers. In the last 30 days, the value of SOL has increased by 180%, rising as high as $62 on November 11.
However, the rising price of SOL is not the only interesting thing the token has shown by the token. For a token that was once described as dead, it has shown tremendous strength. Coin Edition came to this conclusion because of a post by trader Bluntz Capital.
The Big Players Are Here
According to Bluntz, FTX, after getting the go-ahead to liquidate its assets, has been selling around 250,000 to 700,000 daily for the last three weeks. Regardless of the sales, SOL has failed to nosedive. Rather, the price has chosen the upside.
FTX has been selling between 250k-700k $SOL every day for the last 2 weeks while price has either been going up or sideways.The post Will Solana (SOL) Be the Shining Star of the Bull Market? appeared first on Coin Edition.so far its been getting absorbed like a …