So since SOL is $60 - Means FTX is solvent again?

[tvplus006]

I think the rises are deliberate to cover losses...

And there is nothing unusual in this, since there is always a group of investors behind any pump, which is its generator of movement, and in this case SOL is no exception. Except for them, no one knows to what level they have enough finances to continue pumping and at what level they will start selling.

[1714714587]

1714714587

[DVlog]

7B is the amount of funds FTX manages to gather to compensate their customer but the actual number of funds that are claimed by customers is way higher than this. It is not only FTX but also Alameda that owns those sol which have a long token unlock schedule. It will be a gradual unlock of events and the real valuation can be higher than 6B as the OP says at the end if SOL manages to perform better than it is right now. It's recent pump shows it still has a community that is holding their bag even after all these comedy FTX and SOL had.

[slaman29]

I think the rises are deliberate to cover losses...

And there is nothing unusual in this, since there is always a group of investors behind any pump, which is its generator of movement, and in this case SOL is no exception. Except for them, no one knows to what level they have enough finances to continue pumping and at what level they will start selling.

And I think anyone with experience knows the rise is 2 reasons. Deliberate to recover losses for sure, but also don't for get BTC is more than 2x low price. When Bitcoin does well, all crypto does well. No surprise alts recover even more strongly than Bitcoin.

Just be careful, FTX is over but the repercussions stay, Bitcoin is what everyone needs to pay attention to.

[Woodie]

But when you file for bankruptcy, doesn't that mean that you have failed to meet your financial obligations and in this case any liabilities which means whatever assets you have will be liquidated to pay your debtors so that FTX starts off from a clean slate!

So meaning if FTX assets are sold to pay any debt to its name then it's finacial position hasn't moved from $1B to $6B as this might have changed hands ,unless we say debt was cleared and Sol and other crypto assets are still in their name then situation suggests they could be solvent...

[tbct_mt2]

But when you file for bankruptcy, doesn't that mean that you have failed to meet your financial obligations and in this case any liabilities which means whatever assets you have will be liquidated to pay your debtors so that FTX starts off from a clean slate!

So meaning if FTX assets are sold to pay any debt to its name then it's finacial position hasn't moved from $1B to $6B as this might have changed hands ,unless we say debt was cleared and Sol and other crypto assets are still in their name then situation suggests they could be solvent...

They tried to create pump games for FTX token, $FTT before selling tokens they have in leftovers of FTX crash, to pay to investors and customers.

People who bought FTT token months ago would be very bravely and if they hold the token more than one year, they are very confident with their decisions. Congratulate them if they got chance and actually took profit recent weeks. However if they are greed and want to wait for bigger profit, good luck for their greedy target.

Logically $FTT and $SOL tokens will be dumped for above reasons.

[adaseb]

SOL is just broke $100

Right before the Ftx collapse it was like $30.

Seems that they technically should be solvent by now, especially since most of the SOL is locked and they haven’t sold all of it.

Last week they sold like $1B worth of BTC. And the claims market is I think almost 70%. So if we are patient we might get back 100% however it will be in fiat terms not in crypto terms.

[bounceback]

Today Sol success break out above to $118 and most highest price since get crashing exactly on the moment FTX exchange collapse, I don't sure with Solana coin success break out to higher price and get chance to make new all time high price will be solvent problem for FTX exchange. Actually their Sol coins holding have been sold before their exchange collapse, is not get connected between FTX and Solana coins how much price will raise up.

Less potential with exchange have been collapse will return or refund for their user, I don't think they have much money for recovering with how much their investors fund loss exactly MTGOX exchange ever announced will refund their bitcoin investor fund but still not yet until how many time with their promising.

[beerlover]

Today Sol success break out above to $118 and most highest price since get crashing exactly on the moment FTX exchange collapse, I don't sure with Solana coin success break out to higher price and get chance to make new all time high price will be solvent problem for FTX exchange. Actually their Sol coins holding have been sold before their exchange collapse, is not get connected between FTX and Solana coins how much price will raise up.

Less potential with exchange have been collapse will return or refund for their user, I don't think they have much money for recovering with how much their investors fund loss exactly MTGOX exchange ever announced will refund their bitcoin investor fund but still not yet until how many time with their promising.

Great info right there mate, but yeah some are sceptical if the momentum will continue, since it is doing it since last time. So, let us exercise caution. There is still a rumour about the upcoming bull run. If it happens for real, then Solana could still recover and maybe reached a new ATH, like what is occurring to most of the cryptos.

But, you are right that it has nothing to do with FTX. I also doubt if they can recover because they owe a lot of money to their investors. That kind of scenario is not new, so it's crazy on why people won't still learn and continue to put their whole trust in the crypto exchanges. But I'm glad that some of us are not tired of reminding them about the hazards of doing so.