Solana Dey Face Kontinuous Selling Pressure From FTX/Alameda And One Mysterious 'Pump'
Solana cryptocurrency, SOL, dey face serious market pressure because of as FTX/Alameda dey sell dem own since dem bankrupt, and one pesin wey dem dey call 'Pump' dey sell too. FTX/Alameda don sell about 8.031 million SOL, wey worth about $1.03 billion since November 2022, and dis one dey make the market dey go down. 'Pump' don dey sell about 3.403 million SOL, wey worth about $629 million since early 2024, and dis one dey make market no dey stable at all. All dis selling dey make pipo dey worry about how Solana price go be, and e show say market no good for am. Even wit all dis wahala, Solana still get small fees, plenty transaction capacity, and plenty pipo dey support am, so e fit still dey around for long time. Crypto traders dey watch wetin dey happen well well, because e dey affect market and how pipo dey see Solana.
Bearish
Di plenty selling pressure wey dey come from both FTX/Alameda and di 'Pump' party wey dem never identify still dey contribute to bearish outlook on Solana. For history, big liquidation like dis one often dey lead to reduced confidence among investors and increase volatility, wey dey push prices down. Even though Solana technological strength and community support dey show potential for long-term recovery, di current market sentiment go likely remain negative for short-term until liquidation pressure reduce and market stability return.