Solana News: 11.2 Million SOL Tokens Scheduled for Unlock on March 1st

The upcoming unlock of 11.2 million SOL tokens, worth approximately $2.06 billion, could potentially spark further volatility in the Solana market.

FTX Bankruptcy Saga Intensifies: 11.2 Million SOL Tokens Set to Unlock

The FTX bankruptcy saga takes a new turn as 11.2 million SOL tokens, worth approximately $2.06 billion, are scheduled to be unlocked on March 1st. This significant event follows the sale of SOL tokens in previous auctions, which have caused notable stir within the cryptocurrency industry. The upcoming unlock could potentially spark further volatility in the Solana market, thereby impacting FTX’s restructuring efforts.

Argentine President Faces Fraud Charges for Promoting “LIBRA” Memecoin

The “LIBRA” meme coin scandal involving Argentine President Javier Milei has triggered widespread discussion in the crypto world. Milei endorsed and even retweeted a tutorial on buying the Solana-based token, sending its price soaring before a dramatic collapse caused massive losses for investors. As a result, Milei now faces fraud charges for his alleged involvement in the token’s promotion. Lawyers raise concerns about its legitimacy and potential impact on the national stock market.

Solana Predicted to Reach New Highs by March 2025; 1Fuel's Binance Listing Could Push OFT 100x

According to current price predictions, Solana is showing hopeful indications of recovery, and most analysts believe that by March 2025, SOL might reach new highs. Solana’s price may rise to between $250 and $400. Additionally, 1Fuel’s upcoming Binance listing has attracted considerable attention, with some experts predicting a possible 100x surge in the value of its token (OFT). Investors are closely watching both Solana and 1Fuel for potential big moves in the crypto space.

Libra Memecoin Collapse Sparks Resignations and Political Chaos

The dramatic collapse of the Solana-based Libra memecoin, once valued at $4.5 billion, has caused significant losses for retail investors and raised questions about insider activity in the memecoin sector. The token plummeted 95% over the weekend, sparking controversy, legal battles, and renewed scrutiny of the crypto market. One of the major talking points has been the political turmoil in Argentina, where President Javier Milei has been spotlighted following the token’s crash. While Milei argues that he only shared information about LIBRA, his perceived endorsement fueled investor interest before the project unraveled.