FTX’s recent $5 billion payout has caused a significant dip in Solana’s price, with the cryptocurrency dropping 4% to trade at $169. This move impacts both the broader market and specific crypto projects, as FTX’s asset distribution triggers adjustments in liquidity and DeFi structures. The payout by FTX Recovery Trust, facilitated by BitGo and Kraken, includes over $236 million worth of Solana tokens unstaked. Experts highlight the potential for market volatility stemming from this event, especially considering its historical parallels with past crypto bankruptcies like Mt. Gox and Celsius. This incident emphasizes the crucial role of regulations in shaping the cryptocurrency landscape, particularly in relation to asset liquidations.