I could not have major impact for whole of market but i will say yes for solana. Solana is heavily invested by FTX. The solana community must move to another crypto to protect its asset from the dump by FTX
If everybody starts selling to move to other assets, the price of solana could already begin a downward spiral before FTX gets a chance to even sell their assets. So far, the market sentiment has flipped bullish and Solana also has one of the strongest communities in all of web3 and I'm pretty sure the ecosystem will survive the weekly dumps that FTX will start orchestrating. However, I have my concerns:
- Solana Ecosystem might be as good as dead. FTX was a major promoter and market market for most of solana ecosystem projects and without that influence and money to push Solana ecosystem narrative, it's as good as dead. Soon: TVL will drop and users will move on if nothing is happening in their ecosystem.
Open question to everyone: Any hope for another Solana season in the future?