FTXThe effects of the possibility of sinking continue to affect the crypto money markets.
bitcoin and altcoinWhile the world has turned into a bloodbath, the possibility of a new bottom in every negative news to come makes investors nervous.
Now eyes are on 47 million SOLs, which will be unlocked after about 21 hours.
47 Million SOL Will Enter The Market!
Following the developments with FTX, major Solana validators submitted an unstake request to get their funds back.
Worried that SOL, which is backed by FTX and Alameda, will depreciate further, validators withdraw their funds and there are concerns that there will be a new dump in price as they are sold.
When the validators want to withdraw their Solana funds, these funds are returned to them after a certain period of time. There are 21 hours until the next distribution and the number of SOLs to enter the market is currently 47,289.526.
The current market value of these SOLs is $945 million.
This amount LEFTWhile investors were worried that . will enter the market, a new dump expectation in SOL rose.
After the FTX-related process has started LEFT It lost 55% of its value. As of our news hour, it is trading at $20.4.
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