Solana co-creator Anatoly Yakovenko says that SOL tokens sitting within the reserves of FTX must be redistributed to the bankrupt crypto change’s former prospects.
Practically a yr after its chapter, Solscan information exhibits that FTX nonetheless holds practically seven million SOL tokens in a collection of chilly storage wallets, value about $135 million at present costs.
On social media platform X, Yakovenko says that giving a big stack of SOL tokens to tens of millions of recent customers wouldn’t solely assist make FTX customers complete but in addition additional benefit the Solana community, presumably by onboarding and decentralizing.
“My want could be to distribute the SOL to all of the FTX prospects immediately. In all probability the least worst consequence for everybody…
And getting it distributed to five million customers would profit the community over the long run. Win-win in my trustworthy opinion.”
Yakovenko, often known as Toly, says that the SOL distribution would in all probability be extra environment friendly than the drawn-out authorized course of that FTX has been going by.
“Looks like it could have been a a lot sooner course of and with much less authorized overhead if the whole lot was simply evenly break up throughout all of the customers and let every consumer do what they’ll.”
Because of FTX’s massive SOL holdings, Solana was disproportionately affected by the disgraced change’s collapse final yr, pushing the Ethereum (ETH) rival right down to $8 after buying and selling at $260 only a yr prior.
At time of writing, SOL is buying and selling for $19.35.
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