Solana entities sold 50M tokens to FTX — How long will SOL price suffer?
Cointelegraph
Published Nov 16, 2022 04:04AM ET
Updated Nov 16, 2022 05:40AM ET
Solana (SOL) has lost 60% of its market value in a week due to its exposure to the now-defunct crypto exchange FTX, which could continue to haunt the "Ethereum killer" well into the future.
FTX and its sister-firm Alameda Research is liable to have control over 50 million SOL, according to Solana's statement released on Nov. 10.
- The errant allocation is burned.
- Increase the lock to 10 years on the errant allocation.
- Airdrop all SOL token holders' additional SOL, except for the party holding the errant allocation.
- A combination of the above.
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Written By: Cointelegraph
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