FTX Liquidation Weighs on Solana as Unilabs Emerges as DeFi Contender

Solana’s price faces downward pressure amid FTX’s planned liquidation of SOL holdings, while Unilabs gains traction with a successful $614k presale, positioning itself as a promising DeFi asset manager.

Solana Price Dips Amid FTX Liquidation; Unilabs Gains Investor Confidence

Solana faces downward pressure as FTX prepares to liquidate its SOL holdings to repay creditors. The anticipated sell-off exacerbates existing bearish sentiment, with SOL’s price trajectory mirroring broader market apprehensions.

Investor attention pivots to Unilabs, a rising DeFi asset manager that has secured $614k in its presale. The protocol’s rapid expansion and growing adoption position it as a potential top 50 cryptocurrency by 2027, according to market analysts.

Solana Spaces Reboots in NYC with Memecoin Funding After FTX Collapse

Solana Spaces, the brick-and-mortar retail venture for Solana-branded merchandise, has relaunched as a pop-up store in New York City. The original stores, backed by FTX in Hudson Yards and Miami, shuttered in early 2023 following the exchange’s collapse.

The revived project debuted at Solana’s Accelerate conference with a new team and unconventional funding—a memecoin. Unlike its predecessor, the reboot focuses on temporary pop-ups tied to crypto events, catering to community enthusiasm. The New York installation drew crowds despite its scaled-back ambitions.