FTX’s secret Solana hoard uncovered! Will this crash SOL’s price?
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A whistleblower has uncovered that FTX secretly holds 8% of Solana's total supply. This revelation is sparking concerns about potential market chaos and a significant sell-off of SOL. Market observers are anxious that these holdings, if liquidated, could drastically impact Solana's price, leading to instability in the cryptocurrency market.
The disclosure has led to increased scrutiny of FTX, as questions arise about the implications for other assets it might be holding. This discovery puts a spotlight on the transparency and trustworthiness of major exchanges in the crypto world.
Source: ambcrypto.com ↗
