Ethereum and Solana Traders on Red Alert as FTX Begins $800M Repayments on May 30

Quick Summary:

With FTX set to begin creditor repayments on May 30, Ethereum (ETH) and Solana (SOL) traders are preparing for potential market turbulence.

Ethereum price consolidated within a narrow 2% range between $1,750 and $1,820 in late March, but an upcoming liquidity event could trigger further downside in April 2025.

The anticipation of this forced selling has already placed downward pressure on ETH and SOL prices, with further declines expected in April 2025.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: India

Topics: FTX Solana Price Analysis Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 20:27:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27495735

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 18 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions