FTX Estate to Unlock $1.57 Billion in Solana Tokens

Solana is set to release 11.2 million SOL tokens today, valued at approximately $1.57 billion. This unlock is part of the ongoing bankruptcy process for the defunct FTX exchange. Notably, the unlock comes as mounting legal expenses are making FTX bankruptcy one of the most costly Chapter 11 cases in US history. A Massive Solana Token Unlock for FTX Bankruptcy Estate On-chain data shows that... source: https://beincrypto.com/massive-solana-token-unlock-for-ftx-bankruptcy-estate/