The big news is here! This Saturday (March 1st), 1.9 billion USD worth of SOL is set to unlock!
1. What’s the story behind this massive unlocking?
→ It is essentially the "legacy" left after the collapse of FTX. At that time, the court sold the locked-up SOL at a discount to major Wall Street institutions (like Galaxy and Pantera), and now it’s finally the unlock period! It means that the hoarding big players can start selling.
2. How terrifying is this?
→ A total of 11.2 million SOL will be released at once, equivalent to 2.2% of the current circulating supply (currently, there are 488 million SOL in circulation).
3. Did the institutions make a fortune?
→ Absolutely! They bought it at 64-102 dollars, and now SOL is at 135 dollars, making a profit of 30%-110% with their eyes closed!
Now the whole market is betting:
🤔 Will the big institutions dump and run? Or will they hold on?
→ Dumping: More supply in the market could cause prices to collapse.
→ Not dumping: If the Solana ecosystem continues to perform well (after all, it has fast speeds and low fees), it might hold up.
⚠️ But the retail traders are already panicking!
→ Over the past couple of days, there have been many posts on X about retail investors selling, and technical indicators also show that buying pressure is retreating.
⚠️ But don’t panic! History tells us:
In 2020, the circulating supply of SOL increased sevenfold, yet it triggered a huge bull market! The market is much more mature now; looking long-term, if the ecosystem continues to explode (such as with meme coins or DeFi making waves), it could be another golden opportunity!
👊 Advice for my friends:
Keep a close eye on on-chain data and the wallets of big players this week; don’t spend all your bullets. If a deep dip occurs, it might be a bottom-buying opportunity! Remember: When others are fearful, be greedy, but don’t be reckless! (A dogecoin head for safety)
(Disclaimer: This article does not constitute investment advice, DYOR)
$SOL #SOL解锁代币 #牛市生存指南