{"id":440623,"date":"2023-09-19T15:44:00","date_gmt":"2023-09-19T15:44:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=440623"},"modified":"2023-09-19T17:03:11","modified_gmt":"2023-09-19T17:03:11","slug":"solana-price-prediction-what-are-the-chances-of-sol-hitting-25-in-2023","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-what-are-the-chances-of-sol-hitting-25-in-2023","title":{"rendered":"Solana Price Prediction: What Are the Chances of SOL Hitting $25 in 2023?"},"content":{"rendered":"

Solana’s SOL coin has been on an upward movement since the start of September, attracting more investors in the market. <\/span>The <\/span>announcement about Visa<\/span><\/a> sending USDC via Solana blockchain<\/a> also contributed to the bullish sentiment in the market.<\/span><\/p>\n

As of today, September 19, at 5:50 a.m. EST, SOL’s price is $20, with a trading volume of over $300 million. <\/span>These values represent a 5% and 86% increase in the coin’s price and trading volume in the last 24 hours.<\/span><\/p>\n

Additionally, SOL has been bullish in the past seven days, with a gain of over 11%, according to <\/span>CoinMarketCap<\/span><\/a>. <\/span>With big changes happening in the SOL market, it’s essential to understand if FTX’s billion-dollar Solana sale can stop SOL from hitting $25.<\/span><\/p>\n

FTX’s Billion-Dollar Solana Liquidation, What Happens to SOL?<\/h3>\n

The potential Solana (SOL) liquidation from the bankrupt FTX exchange has raised speculation and FUD among traders and investors. <\/span>FTX’s large portfolio shows that it has a lot of money invested in Solana (SOL), which is around $1.16 billion. <\/span><\/p>\n

This amount is over one-third of their money in cryptocurrencies, about $3.4 billion. <\/span>Investors are speculating a lot about what might happen if FTX decides to sell the SOL tokens. <\/span>But a crypto expert, MartyParty, explained what could happen to SOL if FTX liquidated all the tokens in a tweet.<\/span><\/p>\n

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This is Alamedas Solana wallet which has the rights to the 26,740,743 staked $SOL<\/a> from 2025-2028.<\/p>\n

This wallets keys will be sold in the FTX liquidation. Not the $SOL<\/a> which cannot be unlocked until 2025-2028.<\/p>\n

As Ive been posting for weeks – FTX\/Alameda only hold 7m $SOL<\/a> and… pic.twitter.com\/WeIkCKf2Ek<\/a><\/p>\n

— MartyParty (@martypartymusic) September 13, 2023<\/a><\/p><\/blockquote>\n