Solana's SOL is down much further than any of the other major cryptocurrencies today.
His firms are rumored to have owned a substantial amount of the total SOL supply.FTX and Alameda Trading are in trouble. If they hold large amounts of SOL, they are very likely to exit those positions, which will tank SOL price.
"People are dumping already — self-fulfilling prophecy," Economics Design'sTomorrow, the entities verifying the Solana blockchain have already publicly indicated their intention to unlock aboutWhat they're saying:"I think people should just be realistic," she said. "People always act the way that benefits themselves instead of others, especially in capital market.
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