Solana Price Drops 4% Following $5 Billion FTX Creditor Distribution

Solana’s cryptocurrency price experienced a significant decline of 4% on May 16, 2025, reaching $169, as news surrounding the impending distribution of $5 billion in assets from bankrupt crypto exchange FTX continues to circulate. The distribution is expected to commence by the end of May and has led to over 1.4 million SOL tokens being unstaked, potentially contributing to the price decrease. This event underscores broader market volatility following large-scale asset distributions from collapsed cryptocurrency firms.