Solana Price Hits 14-Month High but Faces Selling Pressure as FTX Unstakes Tokens

Solana (SOL) hit a 14-month high price of $46 but may face selling pressure as FTX unstakes tokens.

SOL has surged 350% this year, rebounding after the FTX collapse despite initial concerns.

Rising blockchain activity, fund inflows, and a tech upgrade fueled the SOL price recovery.

The FTX bankruptcy estate recently moved $35M of SOL to exchanges, potentially to sell.

An FTX wallet unstaked 1.6M tokens worth $67M, suggesting more SOL sales may occur.