SBF’s X Account Says FTX Was Never Insolvent—And FTT Would Be $22 Billion Today

💡 DMK Insight

The FTX saga continues to cast a long shadow over the crypto market, and here’s why that matters now: the claim that FTX was never insolvent could sway investor sentiment. With SOL currently at $188.61, traders should be wary of how this narrative might affect broader market confidence. If the perception of FTX changes, it could lead to increased volatility in SOL and other altcoins, especially those closely tied to FTX’s ecosystem. Watch for potential resistance around $200, as a break above could signal renewed bullish momentum, while a drop below $180 might trigger sell-offs. The ongoing legal battles and public statements from key figures will be crucial to monitor, as they could create ripple effects across the crypto landscape. But don’t overlook the contrarian view: some traders might see this as an opportunity to buy the dip if they believe in the long-term viability of SOL. Keep an eye on trading volumes and sentiment indicators to gauge market reactions effectively.