CandleFocus SOL Price to Crash As FTX Unstakes Over 178K Solana?
2024-10-16
Author: Content Editor
FTX has unstaked over 178,000 Solana (SOL) tokens worth over $128 million as part of its asset redemption process. This follows the approval of FTX's reorganization plan by the U.S. Bankruptcy Court to compensate its creditors. The unstaking of SOL tokens is a monthly occurrence, and the recent redemption is expected to be sent to major exchanges like Coinbase and Binance for potential sale, which could put downward pressure on the token's price. However, despite potential short-term losses, indicators such as Solana's growing Total Value Locked (TVL) and increased user activity on the network suggest positive price prospects for SOL. Technical analysts highlight a key resistance level at $159, and if surpassed, the price could reach $186. On the other hand, if FTX liquidates SOL tokens without sufficient market demand, the price may drop by 15%, with support at $131 and a potential decline to $109.
Related News
Tether added 36.25m USDT users in Q3 2024 Analysis Company Says Whales Are Very Active in Bitcoin, Shares What They Expect Bitwise updates XRP ETF filing with new S-1 submission Protocol Village: Conduit Launches New G2 Sequencer, Claiming 10x Improvement Over Existing Versions Ethereum staker revenue drops 30% since March peak as onchain activity slows Will Bitcoin Surpass $70,000? Analyst Shared His View Ethereum Whales Snap Up $4.5B ETH, $3000 Target on Cards? Ethereum funding rates surge heightens risk of long-leverage washout, analyst says The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more Radiant Capital appears to suffer $51 million exploit on its BNB Chain and Arbitrum instances Despite Bitcoin and Cryptocurrencies Soaring, a Derivatives Trader Issues a Warning About the Market Dates for FTX Refunds that Could Shake the Cryptocurrency Market Start to Become Clearer Web3 Faces $750M+ in Losses from Crypto Attacks in Q3 2024 Hong Kong, the Mirror of China, Publishes Future Plans for Cryptocurrencies Traders Watch $32 Level as Avalanche ($AVAX) Builds Momentum—What’s Next? Debridge Closes Exclusive Token Sale for Certain Participants Will the Surge in Bitcoin Continue? Analysis Company Reveals the Clustering Level of $1 Billion Shorts DTCC launches digital sandbox to innovate capital market infrastructure XRP Helps BRICS Speed Up Cross-Border Payments in mBridge Project Massive Liquidations in the Crypto Market as Over $287 Million is Wiped Out in 24 Hours Ripple Hits Miami, But XRP Army Appears MIA Standard Chartered-Backed Zodia Custody Launches Wallet, Partners Galaxy Digital 3 Ways Bitcoin Is Like Digital Real Estate US Congressman Byron Donalds Proposes Crypto Regulatory Sandbox Ethereum price crashes often follow ETH open interest peaks — Will history repeat? Experts List 3 Reasons For BTC Price to Kickstart Bull Rally in October The role of Blockstream in the Bitcoin ecosystem Trader highlights key levels to build positions for the 'upcoming bull run' Coinbase exec weighs Harris, Trump crypto stances as election looms MetaMask Announces Integration with NGRAVE Hardware Wallet for Enhanced Security SEC Threat on Cryptocurrencies: Expert Warns Paxos launches yield-bearing stablecoin on Injective network Ripple (XRP) Price Could Surge 22% Despite Current Bearish Trends Chevron overturn unlikely to impact SEC's conduct — Ripple CLO Solana-based Neon EVM adopts ‘network extension’ title Interview Questions for Michael Cahill, CEO of Douro Labs, Core Contributor to Pyth Network Crypto VC Market 'Tepid' as Q3 Investments Declined 20%, Says Galaxy Digital Kalshi election betting contracts multiply after court win Buy Signal For Bitcoin? BlackRock Adds 4,323 BTC VC Roundup: Capital flows into emerging AI-blockchain sector SEC Limits, Technical Hitches Combine for Lackluster Trump Token Sale Price analysis 10/16: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Thailand’s oldest bank announces stablecoin remittance services SHINOBI: Gaza is the most powerful demonstration of bitcoin since Wikileak 4th time's the charm? Bitcoin tags $68K in attempt to break 217-day downtrend Elizabeth Warren Proves Democrats Are Still Against Bitcoin Bitcoiners should be wary of final dip 'before another leg up' — Analyst Regulatory clarity key for banks entering crypto, industry exec says Crypto Investor Arthur Cheong Says Stage Set for New DeFi Bull Market – Here’s Why From landfill to lawsuit: James Howells’ quest to reclaim lost Bitcoin Promoter of crypto 'Ponzi scheme' Forcount sentenced to 20 years in prison Ethereum validators up 30% in a year, driven by institutional adoption Expert warns Bitcoin is in a 'bull trap,' sets next BTC price low target RWA tokenization startup Plume Network says it has $100 million in solar assets available to users keen to earn yield Elon Musk donated $75M to his pro-Trump super PAC in Q3 Pennsylvania, Wisconsin drive surge in crypto interest among swing states Quantity Funds Launches US Bitcoin And Gold ETF WhitePool by WhiteBIT Mines 6 Blocks, Earns $1.2M in a Single Day Ethereum (ETH) Sent to Exchanges Exceed $1 Billion After Price Surpasses $2,600 DRIFE goes live in Dubai bringing retail dApps to the masses PayPal's PYUSD stablecoin market cap is down 40% from its high above $1 billion in August Planning for Inevitable Regulatory Change US Elections 2024: Brace for Impact History Suggests Crypto’s Bullish Momentum Should Continue Into the U.S. Election and Afterwards We Had Warned: Massive Rising Altcoin Suffers Major Correction, Whales Panic Sell Shiba Inu Price Could Go Parabolic & Double After This Breakout P2P.org touts revenue share as EigenLayer operators vie for restakers Fuel Labs debuts 'Ignition' rollup network with focus on parallellization, UTXO-based model Dogecoin 'god candle' coming? DOGE price jumps 10% Will USDT Popularity on TON Boost Toncoin Price for $8 Breakout? MicroStrategy shares soar 1,540% since 2020, outperforming S&P 500 SUI Set for 55% Correction as Traders Cash Out BREAKING: Binance-listed Altcoin Hacked – Millions of Dollars Lost ETH/BTC Struggles to Break Through Resistance, Altcoin Season Delayed? Donald Trump Soaring Election Odds Sends Kamala Harris Meme Coin Down By 28% $100 Million Bitcoin Moves Amid SEC Scrutiny on Cumberland GOAT Price Rockets 150% As Goatseus Maximus Secures Major Listing, Rally To Sustain? Shiba Inu's BONE Breaks Downtrend Amid Major CEX Listing Ripple Pledges $1 Million to Help Top Humanitarian Organization Bitcoin (BTC) Approaching $70,000! Will the Rise Continue? Analyst Evaluates! Michael Saylor Issues Bitcoin 'To Moon' as BTC Hits $68,000 Price CHART: How bitcoin and crypto are taxed in the EU Toncoin (TON) Price Prediction for October 16 1.97 Million BTC Held by New Bitcoin Whales: Details Crypto monthly active addresses are hitting all-time highs: A16z Bitcoin Bulls Optimistic: Analyst Predicts Strong BTC Returns for the Rest of October Ethereum’s Top Stakers Control 48% of Staked ETH in a ‘Potentially Unhealthy’ Centralization: Flipside XRP Price Prediction for October 16 Scarlett Johansson, Kylie Jenner and Taylor Swift Are Top 3 Celebrity Names Exploited for Online Scams: Cybersecurity Giant McAfee Cardano Founder to Share Vision for Cardano at This Keynote Address: Details MoonPay partners with Ripple to bring XRP to customers The Ton Foundation Partners with Axelar for Cross-Chain Interoperability NEON, STFX, and DEEP Lead the Pack on Top Crypto Gainers Meme tokens overtake DeFi narrative as mindshare shifts on social media ESMA Responds to Commission's Proposed Amendments to MiCA for Cryptos Conduit sees path to gigagas throughput with new sequencer BitGo Adds Custody for Sui Naming Service and DeepBook, But SUI Token Crashes Sygnum Supports Christie’s Online Auction for UNHCR with Bridging Worlds: Digital Art Beyond Borders Bitcoin-backed Hermetica secures $1.7m to expand stablecoin USDh Memecoin conceived by AI trumps Trump-linked token sale Popular Analyst Names 13 Altcoins! "These Altcoins May See the Biggest Rise in the Bull Run!" Critical Development in Bitcoin-Dollar Index! Will There Be a Decoupling? Here Are the Details Analysts Reveal Key Levels to Buy SOL Before Solana Price Hits New ATH of $1000 Binance Announcement May Trigger Another Reversal In EigenLayer (EIGEN) Price Editorial: We Applaud Trump’s Crypto Efforts Though His Record, Rhetoric Raise Red Flags UK Political Parties Ignoring Crypto Is ‘Disservice’ to Constituents, Says Ex-Tory MP Bitcoin Eyes $220K as RSI Data Suggests Cycle Top Not Yet In Dogecoin Price Jumps as Traders Bet on DOGE Ahead of Elections, Not Memes Tether's USDT reaches 330M wallets from explosive Ethereum L2 and TON network growth Top Lending Protocols in DeFi Secure $32 Billion in Total Value Locked Cardano (ADA) Price Consolidates as Whales Accumulate for Potential Surge Bitcoin price eyes $88,000 by year-end with incoming breakout Bitcoin Failure to Close Above $68K Could Trigger 30% Price Drop to $47K: Analysis Donald Trump-Supported World Liberty Financial Raises Just 4% of Token Sale Target on First Day Dogecoin Price Surges 10% as Elon Musk’s 'Department of Government Efficiency' Gains Traction Analyst Predicts an 8,032% Surge in Dogecoin Price to $10 Chainlink Build Welcomes Web3Shield to Boost Onchain Insurance Adoption Tether CEO slams Italy plan to increase capital gain tax on Bitcoin to 42% Dogecoin price pops as volume and open interest surge $57 Million Bitcoin Transfer Stuns Top Crypto Exchange, Binance Litecoin (LTC) Price Gains Could Reward Over 800,000 Holders Following ETF Filing Tron Network Sees Explosive 170% Revenue Growth in 2024 Do Kwon transferred crypto from prison after police failed to seize keys, report Ethereum Price Forecast: ETH eyes for $2,800 following retest of support level Binance Labs Invests in Lombard to Connect Bitcoin to DeFi Kazakhstan proposes stricter controls for bank transfers to foreign crypto exchanges: report Analyst Forecast 900% Rally For Pepe Coin Price After DOGE Pumps U.S.-Listed Bitcoin Miners Hit Record 29% of Network Hashrate in October: JPMorgan Ireland To Draft ‘Urgent’ New Crypto Rules Ahead of EU Money Laundering Crackdown Legendary Trader Peter Brandt: 'Bitcoin Price Is in Window', Here Are Options Dogecoin (DOGE) rallies more than 10% in the past 24 hours—here’s why World Liberty Financial’s presale overshadowed by memecoin-shilling AI Ethereum Price Analysis: Can ETH Soar to $2.8K After Gaining 8% Weekly? Why These Altcoins Are Trending Today? BTC Can Chart New All-Time High if it Breaks Above This Obstacle: Bitcoin Price Analysis Ethereum Team Lead Makes Controversial Statement Bitcoin Tops $68K, With Dominance Over Crypto Market Hitting New Cycle High Ethereum Pauses Above $2,500 As It Heads For The Resistance Line Again Bitcoin Price Will 'Rise Stupendously' as Middle East Conflict Intensifies, Says Arthur Hayes $206 Million in Shiba Inu in 24 Hours, SHIB Rally Confirmed? The 5th Edition of Europe’s Biggest Blockchain Festival, Next Block Expo (March 19-20) – Join The Party! Best Trading Bots for Arbitrage – How Crypto Traders Earn On This? ArbitrageScanner Event in Dubai IOTA Launches Dedicated Division to Drive Ecosystem Innovation Shiba Inu Teams Up with Mass Finance to Enhance Its Ecosystem with AI-Powered Legal and Fiscal Solutions Dogecoin price prediction: Analyst hints DOGE could hit $10 Shiba Inu (SHIB) Charts Suggest Potential for Larger Upward Diagonal REDACTED Hackathon Set to Drive Global Cryptocurrency Adoption with $1 Million Prize Pool Bitcoin’s False Dichotomy between SoV and MoE Cryptocurrency Market Witnesses Greed Levels Not Seen Since July Turbo Toad Wallet Deposits 810M $TURBO to Binance and OKX, Triggering 11% Price Drop Bitcoin forms a golden cross, analysts predict parabolic moves ahead NEIRO Eyes 55% Drop as Buyers’ Exhaustion Sets In Here's How This New Proposal could impact Uniswap (UNI) Price Bitcoin Tops High-Volume Resistance Near $68K: Technical Analysis Assange Family to Join Lugano’s Third Plan ₿ Forum To Discuss Freedom of Speech MicroStrategy's Saylor Responds to Elon Musk's Crucial Post With Bitcoin Message Coinbase Premium Index Negative Amid High ETF Inflows Bitcoin jumps 8% in 48 hours: is a market reversal on the horizon? Uptober: Indicators suggest the 2024 crypto bull market is back MicroStrategy's Saylor Receives Bitcoin Advice From Peter Schiff Competition Between Bitcoin and Dollar Is Ending! Analysts Said Inverse Correlation May Be Broken, Shared Bullish Signal for Both BTC and Dollar! Altcoin Surge: LTC, BSV, BEAM, SOL, and ARB Lead the Way How Many USDT Users Are There? Can XRP Price Survive If Tesla Dumps 11,500 BTC? $500 Million Bitcoin in 24 Hours: ETFs Waking Up Worldcoin Breakout Targets $3.50: Will It Surpass the 200-Day EMA? Here are Cryptocurrency Networks with the Biggest Growth in the Last One Month – Surprise at the Top of the List What is layer-1 in crypto? What is a layer-1 blockchain? Rest in peace, profile pictures. Long live NFTs! | Opinion Moo Deng falls more than 22% after market debut with ‘meteoric rise’ Italy plans to raise capital gains tax on bitcoin from 26% to 42%: report AI Tokens Show Signs of Outperforming Meme Coins Crypto Exchange Listing and Delisting Announcements: October 14, 2024 Bitcoin Price Faces Correction Risk as Open Interest Surges Amid Low Trading Volume Crypto Stakeholders Support Donald Trump Presidential Bid with Bitcoin, Ethereum, XRP Donation Worth $7.5M Hong Kong’s HashKey postpones HSK token launch due to ‘temporary market downturn’ Solana (SOL) 18% Monthly Gain Now Hangs in the Balance Heightened Crowd Sentiment for Bitcoin at $79K Signals Likely Major Correction: Analysis Crypto phishing scammers target investors chasing Trump-backed WLFI tokens Analyst Predicts Number of Days In XRP Breakout, Sets $7.5 Price Target JPMorgan Draws a Bullish Scenario for the Cryptocurrency Market: Here’s What They Expect First major step taken toward XRP ETFs: CME director MARA: Largest Bitcoin Miner on Wall Street Unlocks $200M BTC-Backed Credit Line Litecoin Targets $100 in a Rising Channel as Bitcoin Surpasses $67K Marc Andreessen gave an AI agent $50,000 of bitcoin — it endorsed GOAT Cross-Chain Innovation: Allbridge Introduces USDt Pool on Solana Ecosystem Ripple CEO Breaks Silence on Ripple USD (RLUSD) Stablecoin Ahead of Launch Whales pile into ENA as token rallies over 96% in 30 days Cardano (ADA) Price Trend Hints 'Uptober' Yet to Start Bitcoin Whales Keep Accumulating Amid Market Volatility Toncoin (TON) Bears Eye 30-Day Low as Price Risks 15% Correction Bitcoin profit-taking nears $74K peak as speculators send Binance $500M Fantom Targets $1 After Surpassing Key Fibonacci Level Venture Capitalist Calls SEC Chair Gensler the Worst Regulator in Crypto History OKX Announced Both Listing and Delisting! Here Are the 17 Altcoins Affected! Open Interest on CME Bitcoin Futures Hits All-Time High, Signals Further Bullishness DOGE Founder Reveals: Does He Still Own Dogecoin? Every Web3 Project Will ‘Have a Telegram Compliment,’ Animoca CEO Says SEC Charges Individual Behind Saitama Inu Meme Coin Launch Bitcoin Exchange Binance Announces New Altcoin Listing! Here Are the Details Ripple President Confirms Plans to Use XRP and RLUSD in Ripple Payment Solution Runes Activity Rebounds: Bitcoin Transaction Fees Hit Multi-Month Record Highs Financial Expert Reveals ONLY XRP Retirement Strategy You Need Ethereum whales bought $254m ETH despite rise in exchange inflows Litecoin rallies 11% amid spot ETF application and improving market sentiment Bitcoin Exchange Binance Has Made Changes to This Altcoin's Margin Trading! Here Are the Details Bitfinex Hacker Faces 5 Years, Prosecutors Seek to Deter Crypto Crime What’s next for Fantom (FTM) price as whale transactions jump 1,000% Will Bitcoin surpass $100,000 by 2024 in view of the American elections? Chainlink and Polygon Investors are Flocking to These Emerging Altcoins Alchemy Pay Partners with Yellow Card to Revolutionize Crypto Access Across Africa Warren Says Political Rival Deaton Will 'Fight for Crypto' if Elected to Replace Her in the Senate Aptos Forecasts Show Potential Surge to over $95 Amid Wave 3 US spot Bitcoin ETFs hit $1 billion in three days, BlackRock and Fidelity lead SingularityDAO Announces Token Merger for AI Economy’s Real World Assets ‘Lights Go Mega Green’ – Trader Unveils Massive Price Target for Bitcoin Following Abrupt BTC Rally Cosmos cofounder blames Iqlusion's Zaki Manian for North Korea-linked security risks in network's liquid staking module TIA Token Faces Price Drop Amid Celestia’s Shwap Upgrade Launch Crypto price predictions: Avalanche, Sei, Shiba Inu, Turbo Dogecoin Price At Risk As DOGE's Adoption Continues To Decline Solana's Wukong Telegram Mini Game Officially Live! Hong Kong to issue more VASP permits as South Korea tightens rules Here is Shiba Inu Price if its Market Cap Hits $5T or $10T These 3 Altcoins Are Poised for Growth as Central Banks Explore Digital Currencies List of the Biggest Bitcoin Holders Updated – Satoshi Nakamoto Could Fall to Second Place XRP climbs above $0.54 as Ripple announces exchange partners for Ripple USD stablecoin Top PolitiFi Coins Buck Market Trend, Suffer Pullback Bitcoin dominance hits 3.5-year high as altcoins get left behind Storj Team Deposits 5M Tokens Worth $3M Amid 24% Jump VP Harris’s latest crypto comments fall short on details Japan’s Metaplanet rolls up bitcoin put options for additional revenue Bitcoin's Inverse Ties With Dollar Index Challenged as U.S. Election Looms Dubai's VARA Has Struck Correct Balance in Licensing Time Frame, Says Senior Official Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally? Stablecoin usage surged in Q3 as market cap hits $170b: Coinbase As Bitcoin Tops $66K, Fear & Greed Index Moves To Neutral—What’s Next? Looking to Trade in Europe? These 5 Crypto Exchanges Are Leading the Market in 2024 Indian Police Crush 'Goldcoat Solar' Fraud — Binance Aids in Crypto Seizure Ripple (XRP) Price Prediction for This Week Massive Crypto Whale With ‘100% Win Rate’ Adds 101 Billion PEPE Tokens After Four-Month Hiatus Explore Five Memecoins Gaining Momentum on Sui Network Trump’s odds of winning now leads 16% over Harris on Polymarket Trump-backed platform’s crypto token sale flatlines at $10M amid site jitters Neiro Coin Blows Up 4,608%—Can It Sustain The Momentum? WIF Primed for a 30% Breakout: Should Investors Take the Plunge? Bitcoin Bull Pennant Unfolds: A Breakout Rally Approaching? Metis Integrates Chainlink CCIP for Cross-Chain Innovation Congress lacking crypto education will lead to ‘bad laws’ — Coinbase CSO Bitwise CIO Predicts Bitcoin Could Hit New ATH Before US Election Shiba Inu (SHIB) Price Prediction for This Week ENA Leaps 33% With New Proposals: Is $0.50 Within Reach? SOL Price to Crash As FTX Unstakes Over 178K Solana? XRP Price Nearing Breakout: Can It Finally Push Higher? Bitcoin cuts out predatory banking, empowers the unbanked, says pro-XRP attorney John Deaton Ethereum Bulls Set Sights on $3K: Is a Rally Coming? 'Crypto is the future' Trump proclaims as World Liberty Financial generates just $9 million in first-day WLFI token sales Ethereum Investor Makes Millions of Dollars Profit Within a Month Ethereum Remains Dominant DEX Chain Despite Dominance Dip: CoinGecko Worldcoin (WLD) Price Hits 5-Month High, Bullish Breakout Coming? Natural disasters wreck FinTech infrastructure, proving cash is still king Bitcoin Price Gains Steam: Is a New Surge on the Horizon? Total DEX Trading Volume Hits $39.4B, Uniswap Dominates with $10.44B Kraken Launches Restaking on Ethereum-Based Protocol EigenLayer Crypto Analyst Identifies Bull Flag That Could Send Solana Price To $1,400 On-Chain Metrics Reveal Bitcoin Demand Is Growing – Can BTC Break ATHs In Q4? AI Bot Pumps Meme Coin 7,000% Following $50,000 Gift from Billionaire Marc Andreessen Tesla shifts entire $765M Bitcoin holdings, sparking strategy speculation Stellar announces a new partnership with Mastercard to integrate the Crypto Credential system into its network Ethereum (ETH) Makes Biggest Comeback in Q4, Shiba Inu (SHIB) to Enter New Bullish Market Phase, Solana (SOL) Doubletop Pattern Incoming? Coinbase presses U.S. Court to compel SEC to release crypto classification documents Over $41M lost to phishing attacks so far this October AI-focused crypto projects soar with 500% funding rise in Q3 amidst overall VC pullback Uniswap Leads the Pack As DEX Web Traffic Surges in the Last Month: Phoenix Decentralized eSIMs Promise Anonymous Global Connectivity Bitcoin open interest hits record $19.8B, signaling bullish sentiment among investors Polymarket: Trump’s lead over Harris up to 15% Canary Capital files S-1 application for first spot Litecoin ETF in the US XRP ETF: Expert Reveals What Will Increase The Odds For A US SEC Approval Crypto Analyst Says Outsized Move Down in Sight for Memecoins PEPE and WIF – Here Are His Targets Donald Trump's World Liberty Financial Launches WLFI Token Public Sale Coinbase Ending Direct Crypto Paycheck Feature, New Wallet Integration In the Works Blockstream Closes $210,000,000 in Funding To Accelerate Development ‘Ahead of Next Bitcoin Cycle’