The post Solana Price Surge Despite Court’s Approval for FTX to Liquidate Its SOL Holdings appeared first on Coinpedia Fintech News
Solana (SOL), a prominent smart contract and DeFi ecosystem boasting over $1.5 billion in stablecoin market capitalization and approximately $305 million in total value locked (TVL), has garnered significant attention in light of the substantial FTX liquidation order.
Solana’s price is hovering around $18.77 during the early London market hours on Thursday, representing a roughly 5.3 percent increase. Speculation regarding Solana’s price movement has intensified over the past few hours, with its 24-hour average trading volume surging by approximately 43 percent to reach about $448 million.
Solana FTX Deal
Solana’s FTX Deal On Wednesday, current officials at FTX, led by CEO John Ray III, received court approval to liquidate the exchange’s crypto holdings as part of an effort to repay creditors. According to FTX documents, the distressed crypto ex
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