1. March 1, 2025 Unlock: Solana will experience a massive token unlock involving 11.2 million SOL, valued at approximately $2.06 billion. These tokens are part of the FTX bankruptcy auction, primarily purchased by institutions such as Galaxy Digital, Pantera Capital, and Figure at a discounted price.

2. Unlocking Plan for the Next Three Months: In addition to the unlock on March 1, more than 15 million SOL will enter circulation over the next three months (February, March, April), with a total value of approximately $2.5 billion.

3. Potential Market Impact: This unlock may create significant selling pressure on SOL, as the purchase cost of these tokens is much lower than the current market price.