Solana: Latest updates and what to do.

Hello all and welcome.

I was asked to give my opinion on SOL so lets get straight to the point.

Things are looking extremely bad and I recommend selling whatever is left in the bag and forgetting about SOL. Why?

Looking at coin market cap, the 24 hr trading volume is recorded to be $4,063,992,273.

Secondly, Nearly $1 billion of solana is set to be unstaked today. This is very bearish (link below).

And lastly, Alameda research which holds about 800 M worth of SOL, is getting ready to sell it all after the “epoch 370” event. This will only cause further drop and most likely below $5 prices for SOL.

Unless you are ready to hold and not a leverage trader, it is okay to keep your positions open hoping for a recovery in the future. But make sure you transfer your Tokens from FTX to Binance at least.

Personally I will not even buy the drop. Not SOL and not FTT.
Hope this helps.

Thanks for reading, and stay tuned.