Nearly $100 million worth of SOL is to be unstaked in the next 24 hours which could lead to major dumping of the altcoin.
Amid FTX’s collapse, Project Serum, a liquidity infrastructure hub built by FTX on Solana is facing a major crisis.
Ever since the FTX crisis unfolded, the altcoin Solana (SOL) has faced severe trashing amid massive dumping in open markets. Over the last week, the SOL price has tanked by nearly 60 percent. Earlier today, Solana (SOL) tanked to its new 2022-low of $12.32, however, it has recovered partially since then.
As of press time, SOL is trading 3.5 percent up at a price of $14.30 and a market cap of $5.6 billion. However, this year’s market correction has eroded 90 percent of SOL’s value as Solana investors lost $45 billion in total. But SOL could face a further crash here onwards due to a major unstaking taking place.
Popular crypto analyst @MartiniGuyYT said: “ANOTHER 6.6 MILLION #SOLANA ($93,610,892) TO BE UNSTAKED AND DUMPED IN 24 HOURS”. Besides

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