{"id":75065,"date":"2023-09-11T06:08:45","date_gmt":"2023-09-11T06:08:45","guid":{"rendered":"https:\/\/kryptodata.se\/solana-experiences-a-6-decline-due-to-concerns-over-ftx-sell-off-with-a-twist\/"},"modified":"2023-09-11T06:08:45","modified_gmt":"2023-09-11T06:08:45","slug":"solana-experiences-a-6-decline-due-to-concerns-over-ftx-sell-off-with-a-twist","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/solana-experiences-a-6-decline-due-to-concerns-over-ftx-sell-off-with-a-twist\/","title":{"rendered":"Solana experiences a 6% decline due to concerns over FTX sell-off \u2014 with a twist"},"content":{"rendered":"

The price of Solana (SOL) has dropped over 6% in the past 24 hours due to concerns about a potential sell-off by bankrupt crypto exchange FTX. However, it is unlikely that FTX will dump all of its holdings at once. The FTX estate holds around $1.5 billion in crypto assets on the Solana network, with Solana tokens accounting for just $128 million. The rest of the assets consist of various Solana-based altcoins. Many users have expressed concerns about the potential sell-off, while others have urged calm, as the bankruptcy plan imposes limits on the amount that can be sold at once. The proposed plan restricts sales to a maximum of $100 million worth of tokens each week, with the possibility of raising the limit to $200 million on an individual token basis. The plan is expected to be reviewed by the Delaware Bankruptcy Court on Sept. 13.<\/p>\n","protected":false},"excerpt":{"rendered":"

<\/p>\n

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.<\/p>\n","protected":false},"author":1,"featured_media":75066,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[21],"tags":[],"class_list":["post-75065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"yoast_head":"\nSolana experiences a 6% decline due to concerns over FTX sell-off \u2014 with a twist - 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