FTX Token priceFTT

📊 Solana supply to jump 2.2% this Saturday in biggest unlock to date According to widely circulated data from Messari, 11.2 million Solana (SOL) from the FTX bankruptcy estate will unlock tomorrow. By Saturday, Solana’s circulating supply will increase 2.2%, and well over $1 billion of these newly-unlocked tokens will be available for immediate sale. Solana’s next two unlocks are far smaller: 12,700 SOL on April 1 and 73,700 SOL on May 1. All three of these unlocks are tokens held by the FTX estate, which is currently in bankruptcy proceedings. 🔸 Why FTX owns so much of Solana’s supply Anyone who has been in crypto for less than three years might not know why FTX owns so much SOL. Prior to his December 2022 indictment and subsequent imprisonment, Sam Bankman-Fried (SBF) founded the FTX exchange and was, in his heyday, one of crypto’s biggest investors. Before it went bankrupt in November 2022, SBF had FTX heavily invested in Solana. SBF had already negotiated a deal to own 2.5% of Solana’s locked supply and spent so much time promoting SOL that it was commonly known to be a “Sam coin” alongside his other favorites like FTT, SRM, OXY, and MAPS. SBF even offered to buy SOL in the open market in an attempt to defend a price floor at one time. Other allocations of Solana’s supply included a community reserve (40.8%), early team members (13.4%), seed round investors (13.3%), founding sale members (9.8%), and the Solana Foundation (11%). Most of these allocations unlocked prior to February 2021. 🔸 Solana unlock is going to claims buyers, not FTX It’s important to note that Saturday’s unlock will benefit not FTX victims but claims buyers like Pantera Capital and Mike Novogratz’s Galaxy Asset Management. To be clear, FTX’s bankruptcy estate has already sold rights to Saturday’s SOL unlock. After FTX and its unlicensed hedge fund Alameda Research went bankrupt, Galaxy purchased claims during bankruptcy proceedings on most of the remaining locked tokens at a value of $64 per SOL. That purchase includes most of Saturday’s expected unlock of 11.2 million SOL. Galaxy Managing Director Kelly Greer has preemptively dismissed concerns about any major market impact, pointing out that its holdings represent a small percentage of the total supply. Moreover, and although Greer didn’t specify whether Galaxy intends to immediately sell, she cited the widely publicized knowledge of the upcoming token transfer. In Greer’s view, investors have already priced in the possible effect of such a large token unlock. In summary, SBF and his bankrupt companies FTX and Alameda are still affecting the crypto markets today. On Saturday, bankruptcy claims buyers like Galaxy will take possession of FTX’s 11.2 million SOL. The more than $1 billion unlock is scheduled to occur on March 1. Unfortunately, Solana has already lost approximately one-third of its value this year. Galaxy might sell or exercise discretion to hold onto its new investment. #SOL #Solana 

🚀 Top Gainer Crypto Prices Today 📈 Story (IP) – $4.72 (+20%) 📈 DeXe (DEXE) – $19.11 (+4%) 📈 FTX Token (FTT) – $1.91 (+1%) 🔻 Top Loser Crypto Prices Today 📉 Hyperliquid (HYPE) – $18.58 (-16%) 📉 Sonic (S) – $0.7257 (-15%) 📉 LidoDAO (LDO) – $1.37 (-15%)

Bitcoin (BTC) Once more, guiding mentions on social media is $BTC . Many people are talking about its price swings, market research, and generally shared trading cues. Not only that, some important figures in the crypto scene actively participate in conversations over Bitcoin reserves and market dominance. This shows a rising curiosity in $BTC as the primary financial tool used in the sector. Dogelon Mars (ELON) Particularly in relation to Elon Musk’s impact on Dogecoin, the mention on $ELON has flown. Some users are wondering whether Musk is merely an outside influence on Dogecoin’s price swings or if he is really actively involved with it. Moreover, Musk’s activities with blockchain technologies and the US Treasury Department raise questions. Not few also draw attention to the political influence of his several choices and ideas, which have generated a lot of debate among crypto enthusiasts. Ethereum (ETH) Particularly because of the sharply growing institutional interest, $ETH has been one of the trending terms. Globally operating investment company BlackRock has allegedly bought $ETH in huge quantities, with many thinking that big investments from reputable institutions could improve Ethereum’s status in the crypto ecosystem, and this action has inspired an optimistic stance in the market. Furthermore, the performance of ETH on the market has started to be a hot issue on several social media channels. Ledger AI (LEDGER) Especially in relation to crypto asset security, the mention on LEDGER has also been more intense. Often referred to as the primary method in safeguarding private keys and recovery phrases, Ledger AI is a hardware wallet. Conversely, the crypto community also talked about the event on the XRP Ledger whereby block production was momentarily halted. This sparked new debates on security in handling digital assets and generated questions about the dependability of the network. Tether (USDT) Especially in terms of take-profit targets and profit percentages, USDT is still among the most often mentioned stablecoins. The great trading volumes show that USDT remains a popular choice for traders purchasing and selling other cryptocurrencies. Both individual and institutional investors are drawn to its consistent position in the crypto trading space. FTX Token (FTT) FTX is trending again after news of the creditor payment plan broke, as we previously reported. There’s been more chatter about claims under $50,000, set to start on February 18, 2025 Some creditors might put their money back into crypto, and people on Twitter and crypto forums are already debating how that could affect the market.

FTT, the native cryptocurrency for the now-defunct FTX crypto exchange, saw a major surge earlier on Tuesday, skyrocketing around 45% in less than two hours to tap $2.25, following Sam Bankman-Fried’s first tweet in two years. Notably, the embattled former FTX CEO, currently serving a 25-year prison sentence for fraud, broke his social media silence late Monday to weigh in on recent mass layoffs within the U.S. government. “I have a lot of sympathy for gov’t employees: I, too, have not checked my email for the past few (hundred) days. And I can confirm that being unemployed is a lot less relaxing than it looks,” he wrote. Bankman-Fried’s post, with restricted replies, also addressed workplace forces. “Firing people is one of the hardest things to do in the world. It sucks for everyone involved. My experience: a) it is usually not the employee’s fault that they got fired, b) it is usually correct to let them go anyway.” He added, “More often, the problem is that the company just doesn’t have the right job for them.” His tweet ignited speculation across the crypto community, prompting renewed interest in FTX-related assets. Previously trading at $1.55, FTT briefly spiked before pulling back to $1.69 at press time. Analysts linked the rally to traders betting on FTX’s bankruptcy case developments. However, skepticism quickly followed, as Bankman-Fried remains in Brooklyn’s Metropolitan Detention Center, where direct social media access is prohibited. “Pretty sure access to X isn’t allowed in federal prison lol. Who is posting from his account?” one user questioned. Alex Thorn, head of research at crypto investment firm Galaxy, speculated that the account may have been compromised, tweeting, “Hacked a gov’t account and changed the name most likely,” after a user asked how SBF’s account had been gray-checked. Meanwhile, Unchained Podcast host Laura Shin joked about Bankman-Fried’s sudden concern for employees, quipping, “I wonder why none of the reasons he lists for having to let employees go is the one he would be most familiar with: perpetrating an $8 billion fraud.” Some speculate that his lawyers or close associates may have relayed the messages through the Corrlinks system, which allows federal prisoners to communicate externally. That said, the latest tweet comes just days after SBF reiterated in an interview with The New York Sun last week that FTX was solvent but illiquid at the time of its collapse. “At that time, there were enough assets to pay off all clients. The problem is that the liquidity crisis caused panic in the market and made it impossible to quickly cash out funds,” SBF had claimed. His first interview from prison coincides with FTX beginning to reimburse customers what it claims is the full amount they lost. However, compensation is based on cryptocurrency prices at the time of FTX’s 2022 collapse, sparking criticism from victims. SBF further insisted he has evidence proving he did not misappropriate billions in user funds and that the cash was available. Notably, the disgraced FTX founder also appealed to former U.S. President Donald Trump for clemency, claiming that his prosecution was politically motivated by pressure from the Biden administration.

Top Mindshare Gainers v/s Losers for 26-Feb ! 📈 Gainers: $UNI $DOT $ETH $FARTCOIN $TIA $IP $ARC $ETHOSNETWORK $FWOG $ABSTRACT 📉 Losers: $SOL $KAITO $BTC $USDC $USDT $FTT $OKB $BNB $DOGE $RAY