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My understanding is that most of that SOL was not liquidated (it was locked in digital contracts preventing its sale and has been "vesting" since shit hit the f
by lend000 4y ago
My understanding is that most of that SOL was not liquidated (it was locked in digital contracts preventing its sale and has been "vesting" since shit hit the fan), and nothing is going to be sold anytime soon while the bankruptcy plays out. I'd be curious if anyone has a source for the exact numbers currently liquidated / remaining to be liquidated.
However, that ominous stack of cursed Solana will significantly dampen market sentiment even before it's sold, and that's what probably caused the magnitude of the last selloff.
- nailer 4y agoThe last sell off (two days ago) occurred same as the previous selloff - FTX selling. Friday evening FTX wallets became active and traded all their tokens for BTC.