Solana

<ul><li>A whistleblower reveals FTX secretly holds 8% of Solana&#39;s supply, raising market impact concerns.</li><li>FTX and Alameda Research&#39;s undisclosed Solana holdings underscore opaque financial practices.</li><li>The exchange’s $200M IRS previous settlement addresses significant tax claims amid ongoing bankruptcy proceedings.</li></ul>In a shocking revelation, an ex-employee of FTX has come forward, exposing that FTX&#39;s wallets secretly hold 8% of Solana&#39;s (SOL) total supply. This significant discovery has highlighted the deep involvement of FTX and Alameda Research within the Solana ecosystem. Notably, this previously undisclosed cache of SOL could potentially lead to a strategic liquidation to avoid market chaos.The whistleblower, who worked closely with FTX&#39;s internal operations, disclosed that FTX and <a href="https://cryptotale.org/ftx-and-alameda-research-move-millions-in-eth/" rel="noopener noreferrer nofollow">Alameda Research</a> had accumulated a substantial portion of Solana&#39;s supply in undisclosed wallets. This secretive approach underscores the opaque financial practices that played a crucial role in FTX&#39;s downfall. Moreover, the hidden trove of SOL represents a substantial market influence that has remained unnoticed until now.The revelation has sparked concerns about the potential market impact. With 6 million in sell pressure on <a href="https://cryptotale.org/sec-drops-security-claims-for-solana-strategic-shift-or-legal-maneuver/" rel="noopener noreferrer nofollow">Solana</a>, as pointed out by Wise Advice on X, the implications are significant. If the hidden 8% holding were to be liquidated, it could crash the price of Solana, destabilizing the market. This newfound information raises questions about the future stability of Solana&#39;s price.<a href="https://cryptotale.org/ftxs-secret-solana-holding-8-of-supply-in-hidden-wallets/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

FTX’s Secret Solana Holding: 8% of Supply in Hidden Wallets

CryptoTale

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