**Title: Solana Price Forecast: Analyzing the Impact of FTX $5B Payout on SOL Price**
### Introduction
The recent developments surrounding Solana (SOL) have led to increased volatility in its price forecast. This article delves into the key levels to monitor as the FTX $5 billion payout triggers a 4% decline in SOL price.
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#### Solana (SOL) Price Dips Below $170 Amid FTX $5B Payout
Solana price experienced a 4% drop, reaching $169 on Friday, following the announcement of a $5 billion payout by the bankrupt crypto exchange, FTX. The dip below $170 marked a significant intraday support breach.
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#### FTX $5 Billion Payout and its Impact on Solana Price Dynamics
FTX’s confirmation of a $5 billion creditor payout set off a chain reaction leading to the unstaking of $236 million in SOL this week. This development introduced a bearish pressure on the SOL price, with significant implications for short-term price action.
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#### FTX Payouts and the Redistribution Process
The estate of FTX disclosed its plan to commence the distribution of $5 billion in digital assets to claimants by May 30. The process will involve unstaking assets and redistributing them through BitGo and Kraken, with settlements anticipated within 1–3 business days. The alignment of FTX payouts with the significant 1.4 billion SOL staking withdrawals has added complexity to Solana’s price outlook.
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### Conclusion
The unfolding events related to the FTX $5 billion payout have instigated a series of fluctuations in Solana’s price. Traders and investors are advised to closely monitor key levels to navigate the evolving volatility in SOL’s price forecast.
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#### Source: [Read More at Coingape.com](https://coingape.com/solana-price-forecast-ftx-5b-payout-sol-price-dip/)