FTX Unstakes $30.9 Million in SOL, Can Solana Stay Strong?

The crypto market is trading in green today on the heels of Bitcoin hitting record-breaking highs above $118K. Major altcoins like Ethereum, XRP, and Solana also rallied 5-8% today. Amidst the broader crypto market rally, FTX has released massive amounts of SOL today. 

FTX Stakes $30.9 million in SOL, Sell Off Next?

Data from lookonchain shows that FTX staked 189,851 SOL, worth $30.94 million today. This has raised questions over whether this could bring in selling pressure for the token in the current bull run. Although this is not unusual, with the…