According to data shared by Twitter analyst @ ai_9684xtpa, 11.2 million SOLs from FTX bankruptcy auction will be unlocked on March 1st, with a total value of approximately $2.06 billion. In order to raise funds to repay creditors, FTX The restructuring team has sold a total of 41 million locked SOLs in the past three auctions, with the top three buyers being:

Galaxy Digital， Buy 25.52 million pieces at $64, with a return rate of 187%.

Pantera and other buyers: Bought 13.67 million pieces at $95, with a return rate of 93%.

Figure and other buyers: Purchase 1.8 million pieces for $102, with a return rate of 80%.

At that time, FTX auctioned off these SOLs for a total of 2.93 billion US dollars, and now their value has risen to 7.5 billion US dollars. This batch of SOLs with lock up mainly comes from Alameda Research's past purchases from Solana Foundation and Solana Labs, all of which have lock up restrictions and will mainly be unlocked linearly between 2021 and 2028. What is about to happen now is the first large-scale unlocking, and whether the market can digest such a huge selling pressure in the current environment is worth pondering for investors.