Solana's TVL Reaches $338.82M Despite Concerns Over Impact of FTX Estate Selling Crypto Holdings
Solana's total value locked (TVL) reached $338.82 million, its highest since the start of the year, driven by popular Solana-based projects like Drift, marginfi, and Solend. The native SOL token has also experienced a strong week, with a 29% rise over the past week and a 39.08% surge from its September low. However, concerns arise about the potential impact on SOL's price as the FTX estate plans to sell its crypto holdings, including approximately 22 million SOL tokens.
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Solana's TVL Reaches $338.82M Despite Concerns Over Impact of FTX Estate Selling Crypto Holdings
Solana's total value locked (TVL) reached $338.82 million, its highest since the start of the year, driven by popular Solana-based projects like Drift, marginfi, and Solend. The native SOL token has also experienced a strong week, with a 29% rise over the past week and a 39.08% surge from its September low. However, concerns arise about the potential impact on SOL's price as the FTX estate plans to sell its crypto holdings, including approximately 22 million SOL tokens.