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#SOL #FTX #SOLANA #TOKEN
Beleaguered crypto exchange FTX is preparing to unlock 11.2 million Solana (SOL) tokens, valued at approximately $2.06 billion, on March 1. The unlock will follow a creditor repayment process that is set to begin on Tuesday, with an initial distribution of $1.2 billion to smaller claim holders.
Solana's price has dropped over 9% in the last 24 hours and is currently trading at $166.
#SOL Price Analysis