Binance unlikely to move forward and buy FTX. Once they officially collapse, the true bottom may be here.

It recently came to light that Binance, following DD, probably won’t go through with the deal. Unless a random VC comes in to save FTX even after witnessing their carelessness with investor funds, this very well could mean total collapse of FTX.

Source

I hope everyone listened to this community when we said “GET OUT OF FTX”. We’re in for some serious pain now.

What do you think happens to SOL from here? Apparently, there are over $1B worth of SOL soon to be unlocked, which will surely dump into the markets sending it even lower.

I for one am patiently waiting to see what content creators do with this news, considering many of them were affiliated with FTX.

To see this house of cards fall the way it did… gives the LUNA story a run for its money (literally).