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.



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