Has the final 11.2m salt relaxed another crypt market?

The main event was set to disrupt the Market Solana (Sol) 1. March, when 11.2 million salt worth about $ 2.06 billion – unlocked from FTX Bankrupt Auction. This means the final phase of the FTX’s liquidation of its SOL, after sale 41 million salts in previous auctions.

But with such a mass amount of token to hit the market, what could that mean for Solo’s price?

We dive and explore what is really in solan.

Who bought salt and what about?

During earlier auctions, several major institutional players bought large amounts of salt at different prices. The Galaxy Digital was the largest customer, buying 25.52 million Sol to $ 64 per token, who has already earned them a huge 187% return based on current prices.

The capital of Panther and the others bought 13.67 million Sol to $ 95, seeing 93% return, while the figure and additional customers gained $ 1.8 million to $ 102, giving them 80% return.

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How will the market react?

Unlocking such large amounts of salt increases concerns about potential sale, which could lead to price volatility. Investors will carefully watch whether these institutions decide to cash their significant earnings or give their farms in anticipation of further gains. If a large part of this offer hit the market, Sol is the price can face pressure downward.

Despite sales concerns, Analysts Believe that the risk is low, which many investors plan to keep long-term gains. Investors advise carefully monitoring the situation. However, given the strong institutional support and constant growth of Solana in the crypton space, some analysts believe that these companies can decide to retain, to reduce the risk of losses.

Snap Solana Streams

Solana (Sol) is recently dropped in price after a setand currently tests a $ 180 support level. While about 6.6% below, there are signs that sales pressure is facilitated. If the price hits 182- $ 179, it could bounce back, but if it interrupts below $ 175, the trend could move. Crypto analysts recommend Waiting for the purchase until the price passes above $ 187, but those looking for short-term gains can try shopping at lower levels with caution. All in all, the market is currently a little unstable, so it is important to carefully manage risks.

With high roses and market on the edge, 1. Marta could be a point of slope for Sla Solanev next big move. Let’s see how to play.