Solana Co-Creator Calls for Redistribution of SOL Tokens
Anatoly Yakovenko, co-creator of Solana, believes that the SOL tokens held by FTX should be given to the bankrupt exchange’s former customers. FTX currently holds around seven million SOL tokens in cold storage wallets, valued at approximately $135 million. Yakovenko argues that distributing the tokens to millions of new users would benefit both FTX users and the Solana network, promoting onboarding and decentralization. He suggests that this distribution would be more efficient than the legal process FTX is currently undergoing. Solana experienced a significant decline following FTX’s collapse, dropping from $260 to $8. At present, SOL is trading at $19.35.
Key Points:
- Solana co-creator Anatoly Yakovenko proposes redistributing FTX’s seven million SOL tokens to former customers.
- Yakovenko believes that distributing the tokens to new users would benefit FTX users and the Solana network.
- He argues that this distribution would be a more efficient solution than the current legal process.
- Solana’s value declined significantly after FTX’s collapse, falling from $260 to $8.
- SOL is currently trading at $19.35.
Hot Take
Anatoly Yakovenko’s suggestion to redistribute FTX’s SOL tokens to its former customers could provide a win-win solution. Not only would this help compensate FTX users, but it could also benefit the Solana network by promoting wider adoption and decentralization. Yakovenko believes that this distribution would be a more efficient alternative to the lengthy legal process. Given the decline in Solana’s value following FTX’s collapse, redistributing the tokens could help restore confidence in the project. With SOL currently trading at $19.35, this proposal could have a positive impact on both FTX users and the Solana ecosystem.
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