FTX Unstakes $30.9 Million in SOL, Can Solana Stay Strong?

Key Points

1. Bitcoin surged past $118K, and major altcoins like Ethereum, XRP, and Solana gained 5–8%.

2. FTX staked 189,851 SOL worth $30.94 million, raising questions about its impact on market confidence.

3. FTX previously unstaked large amounts of SOL, causing price dips of 3-5% each time.

4. Solana remains strong at $164.71, up 4.5%, with optimism about reaching new highs.

5. Solana led in Q2 2025 revenue with $271 million, driven by DeFi, NFTs, and app activity.

6. BIT Mining and DeFi Development Corp are increasing their SOL holdings, signaling strong institutional backing.