When your bags became someone else’s discount deal… ouch.
By Maxime Laurent · 2025-10-07 06:37
When your bags became someone else’s discount deal… ouch. 😔
FTX once held 55–59 million $SOL, a massive chunk of Solana’s early supply. But after the collapse, most of it — around 41 million $SOL — got sold off at a discount to big players like Galaxy Digital and Pantera Capital through private auctions. Institutions scooped up premium assets for cents on the dollar while retail holders were still picking up the pieces.
The remaining tokens are being unlocked gradually to repay creditors — the latest round in September 2025 totaled about $1.9B, mostly in fiat, valued at 2022 prices. No direct $SOL dumping, but still… the emotional dump for early believers is real.
Some of those tokens will stay locked until 2027–2028, technically staking and generating yield — but let’s be honest, for many former FTX users, it feels like watching someone else farm your lost coins.
C’est la dure réalité du bear market: when the empire falls, the vultures eat first.
#FTX #SOL #Solana #CryptoMarket #BearMarket #LessonsLearned 💔
FTX once held 55–59 million $SOL, a massive chunk of Solana’s early supply. But after the collapse, most of it — around 41 million $SOL — got sold off at a discount to big players like Galaxy Digital and Pantera Capital through private auctions. Institutions scooped up premium assets for cents on the dollar while retail holders were still picking up the pieces.
The remaining tokens are being unlocked gradually to repay creditors — the latest round in September 2025 totaled about $1.9B, mostly in fiat, valued at 2022 prices. No direct $SOL dumping, but still… the emotional dump for early believers is real.
Some of those tokens will stay locked until 2027–2028, technically staking and generating yield — but let’s be honest, for many former FTX users, it feels like watching someone else farm your lost coins.
C’est la dure réalité du bear market: when the empire falls, the vultures eat first.
#FTX #SOL #Solana #CryptoMarket #BearMarket #LessonsLearned 💔
Disclaimer: This content is for informational purposes only and not financial advice.