The cryptocurrency market is experiencing ripples from FTX’s recently announced payout plan for creditors. FTX Trading Ltd. revealed their intention to distribute over $5 billion in assets, causing a notable 4% decline in Solana’s price. This news sparked concern among investors as the distribution is expected to impact the Solana ecosystem significantly. 30 May is the target date for the distribution, with Kraken and BitGo acting as custodians. The sudden influx of SOL tokens into the market, resulting from unstaked tokens, may further contribute to downward pressure on Solana’s value. 16 May saw Solana’s price drop to $169 following this announcement. Market participants are closely monitoring these events, eager to see how the financial implications of this distribution will affect liquidity and overall market stability. This event underscores the interconnected nature of crypto assets in response to significant industry decisions.