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- MC:$3.6KHolders:10.00%
- MC:$3.79KHolders:30.93%
- MC:$3.65KHolders:20.00%
- MC:$3.66KHolders:10.78%
- MC:$3.69KHolders:20.13%
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So here's what's really going on with SOL's price action. That selling pressure you've been seeing since last year? It's not random — it's directly tied to the FTX bankruptcy mess. Kroll's been systematically liquidating SOL holdings to pay back creditors. Court-mandated stuff.
The silver lining? Once this liquidation chapter closes, SOL should revert to trading on actual fundamentals instead of forced selling. No more overhang from bankruptcy proceedings dragging it down. Worth keeping an eye on how much longer this distribution phase runs.