The collapse of FTX was one of the major events in the crypto industry. It led to some major changes and a steep fall in some assets. The effects of the collapse of this huge company have continued. In a recent auction,

The bankruptcy estate of the failed FTX cryptocurrency exchange plans to auction off another unspecified amount of Solana tokens this week, according to people familiar with the sale.

Bankrupt crypto exchange FTX will auction off the rest of its locked Solana tokens in hopes it'll fetch a better price.

Distressed crypto exchange FTX and its sister investment firm Alameda Research have accelerated the auctioning and liquidation of their crypto holdings in the past few weeks. With former FTX boss Sam Bankman-Fried, alias SBF, currently serving a 25-year jail term, the repayment of the distressed creditors and customers is underway.

Tailwinds from expected supply pressure in FTX auction stalls rally for SOL, alongside broader market indecision. A weekly candlestick close below $130.45 would negate the bullish thesis. Solana (SOL) price’s recent performance put the Layer-1 token and its chain on a pedestal.

More of FTX's Solana tokens have gone to Pantera Capital, as the bankrupt exchange's estate liquidates its $2.6 billion SOL holdings.