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Solana (SOL) Price Plummets 6%: FTX Bankruptcy Concerns

Solana (SOL) has seen a significant 6% price drop over the last 24 hours, igniting concerns within the crypto community. This decline in Solana's value is closely linked to the looming spectre of FTX, a cryptocurrency exchange that went bankrupt. FTX is scheduled for a pivotal hearing in the Delaware Bankruptcy Court on September 13, where it intends to seek approval for liquidating a substantial chunk of its crypto assets, totaling a staggering $3.4 billion. The DeFi Investor has recently commented on the current state of Solana (SOL) in a tweet that shed light on the crypto market's dynamics. The SOL tokens held by FTX debtors are not immediately available for sale.

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