11.2M SOL From FTX Auction Unlocks in March – This New Memecoin Could Outshine BONK in 2025

FTX has been preparing to unlock 11.2M Solana tokens, valued at around $2.06B, on March 1. The unlock is set to follow a creditor repayment process that started on Tuesday, with a distribution of $1.2B to smaller claim holders. However, there are still complaints from crypto experts who believe those who lost their money may not get back their money fairly, as some of the tokens, including Solana’s price, have surged significantly.

Bonk, on the other hand, has continued to witness nerve-racking dips, with a weekly dip of over 8%, while ChowWow ($CHOW), a new meme coin launched on the SOL blockchain, continues to witness growing interest as its presale starts. Many believe this new P2E project could mirror Solana’s price movement while seeking to outshine Bonk’s price movement in 2025.

FTX Seeks to Unlock 11.2M SOL Token in March

The collapsed crypto exchange platform, FTX, will unlock 11.2M SOL tokens on March 1 after selling 41 million SOL in a bankruptcy auction, with Galaxy Digital bagging the largest share. Several reports on social media suggest that FTX liquidated 41M SOL tokens in three auctions.

The largest beneficiary was Galaxy Digital, which bought 25.52M SOL tokens, with each token going for $64. This represents a 187% return rate for Galaxy Digital, as the price of Solana has surged since the exchange went bankrupt. The second largest purchase went to Pantera, accompanied by a consortium of buyers, who had secured 13.67M SOL tokens at $95 per token. This resulted in a 93% return rate.

Solana Price Chart | Source: CoinMarketCap

FTX’s creditor repayment process officially commenced on February 18, 2025, at 3.00 AM UTC. The first payment will target creditors claiming under $50K, totaling around $1.2B. However, crypto enthusiasts feel that the fallen crypto exchange’s repayment pricing is unfair as the Solana price has surged significantly since that day to trade above the $169 level.

Bonk Price Prediction: Can The BONK Token Achieve 10x Gains?

A Solana-based meme coin, Bonk continues to witness significant dips to record a monthly dip of over 52%. Ali Martinez suggests that Bonk’s price could retest the $0.0000091 support level. However, Bonk can still pull off a miracle 10x price rally despite the dim meme coin recovery prospects.

Bonk’s Price Chart | Source: Twitter

If Macroeconomic conditions improve and the BONK token successfully flips the $0.00002300 resistance level, it could record a surge toward $0.0000300. On February 6, Bonk announced it would burn 20.2 trillion BONK tokens as an innovative approach to reduce the crypto’s supply and potentially drive its price higher. However, despite such a positive development, Bonk’s price remained trapped in a continuous downtrend.

Tightening market conditions, including the rising inflation and the ongoing US trade war combined with the shaky performance of Solana, are among the major contributors to the Bonk price plunge. This makes the possibility of a 10x rally for Bonk seem unlikely.

ChowWow ($CHOW): The New Solana-based Meme Coin Sensation

Thanks to its strong presale performance despite being just in stage one, ChowWow ($CHOW) continues to achieve increasing prominence in both the crypto market and social media platforms. It offers a virtual gaming environment with distinctive collectibles and unique rewards for in-game gaming achievement, which can be redeemed for real-world value.

Through its staking model, users can earn between 8%-15% in APY by simply staking their tokens and providing liquidity to the ecosystem. This will be paid monthly, boosting investors’ portfolios. More interesting is that the ChowWow project has been built on the Solana blockchain, which is well-known for its low transaction costs, scalability, and throughput. As such, the $CHOW token can tap into Solana’s Proof of Stake mechanism, allowing users to make secure and quick transactions at affordable rates.

Moreover, the platform will undergo regular third-party audits that will help build up its security and credibility. ChowWow is also deflationary, with a buy-and-burn mechanism to stabilize the $CHOW token, which has a current stage one presale price of just $0.008.

ChowWow Seeks to Mirror Solana’s Price Movement and Potentially Outshine Bonk

11.2 million SOL tokens are set to be unlocked by FTX on March 1 as the bankrupt exchange platform seeks to repay creditors. Bonk’s plan to reduce its circulating supply could be one of the major catalysts for its recovery. However, its price will continue to enjoy a bearish outlook unless it successfully shakes off its current bearish outlook.

Meanwhile, ChowWow is emerging as the go-to platform for investors seeking high returns while exploring the meme coin market. With a low entry price of just $0.008, the $CHOW token is on a better path toward emulating the Solana price rally in 2025.

Visit ChowWow Presale

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