Market sentiment around the Solana ecosystem continues to worsen as FTX plans to unlock over 11 million SOL, worth nearly $2 billion, next month. The ecosystem has been facing negative publicity due to reports of insider trading and fraud collaborations. Additionally, the bankruptcy estate of FTX will unlock 11.2 million SOL on March 1, increasing the coin's circulating supply. This follows FTX's previous sale of 41 billion SOL at a discounted price to top companies. There is speculation that these companies may liquidate their assets upon unlock, potentially causing a decrease in demand and lower prices for Solana. Technical analysis suggests a bearish outlook for the asset, which has already broken down from a multi-month ascending triangle. Currently, Solana trades at $168.58, down 10% in the past week.



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