Key notes
- The FTX portfolio exceeded more than 186,000 soil.
- This could trigger short -term sales pressure.
- Solana has become the sixth crypto, exchanging USDC, despite the market -scale sale.
A portfolio address labeled like FTX / ALAMEDA dotting a little of 186 326 Solana
GROUND
$ 117.0
24h volatility:
2.1%
COURTIC CAPESSION:
$ 60.26 B
Flight. 24 hours:
$ 4.59 B
Tokens, worth $ 21.5 million early on Friday April 11.
Although the assets did not go from the address of the FTX, the decontralization process has historically led to a sale while the bankrupt exchange aims to reimburse its creditors. The address also sparked more than 185,000 floors last month, show the data from Onchain.
Until now, FTX and its hedge fund have sparked more than 3 million soil chips and transferred assets to unknown wallets.
No bear this time
Unlike the previous set of soil events that are doing by FTX, Solana has not seen a sudden sale rush despite the market scale.
Sol has even increased by 0.6% in the last 24 hours to $ 116.5. The Solana market capitalization exceeded the market capitalization of $ 59.9 billion in the USDC, reaching 60.1 billion dollars, to become the sixth largest cryptocurrency on the market.
However, the volume of daily resolution trading decreased 38% to $ 4 billion.
According to Crypto The Catalyst Ken analyst, Solana Price formed a symmetrical triangle on her time table.
$ Soil Rebounds 0.618 FIB perfectly, we are currently undergoing symmetrical triangle formation with lower time,
While waiting for price volatility on weekends, do not take the lever effect, if the price drops, buy a spot and keep ✔️ #Solana pic.twitter.com/3my9h5byst
– the Ken catalyst (@Thecatalyst_k) April 11, 2025
The graph suggests that soil could see high prices volatility in the middle of market uncertainty over the weekend.
One of the main reasons for the crash on the financial markets, including Crypto, at the start of the week, was the increase in tension around a trade war between the United States and China, two of the world’s largest economies.
However, after the American president, Donald Trump, announced a 90 -day break on certain prices, the stock and cryptography markets began to see a peak in purchase pressure.
If the American tariff war is cool, it is likely to see the revival of the Bull Run.
In addition to the price break, investors are optimistic about the upgrade of Solana Firedancer which should be posted this year. Firedancer is third -party validator software for Solana, developed by the Blockchain Infrastructure Supplier Jump Crypto.
The upgrade should solve Solana’s scalability problems.
In addition, the potential approval of the funded funds based in Solana in the United States and soil inclusion in the stock of American national crypto has also strengthened optimism around the assets.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between DEFI and Macro on his newsletter, on Chain Moine.
Wahid Pessarlay on x
