$SOL
FTX’s Solana ($SOL ) Unlock: March 1, 2025 Breakdown & Market Impact
On March 1, 2025, 11.2 million $SOL will be unlocked from FTX’s bankruptcy auction, potentially influencing market dynamics.
Who Bought the Locked SOL?
FTX’s liquidation distributed 41 million SOL to major institutions:
Galaxy Digital: 25.52M SOL at $64 per token
Pantera Capital: 13.67M SOL at $95 per token
Figure: 1.8M SOL at $102 per token
These holdings are unlocking gradually over four years, with 11.2M SOL set for release on March 1, 2025.
Unlock Distribution
The upcoming release will be allocated proportionally:
Galaxy Digital (62.2%) → ~6.96M SOL
Pantera Capital (33.3%) → ~3.73M SOL
Figure (4.4%) → ~0.49M SOL
Unrealized Profits at $130 per SOL
If sold at current prices, here’s the potential profit:
Galaxy Digital (6.96M SOL, Entry: $64)
Profit per SOL: $66
Total Unrealized Profit: $459.36M
Pantera Capital (3.73M SOL, Entry: $95)
Profit per SOL: $35
Total Unrealized Profit: $130.55M
Figure (0.49M SOL, Entry: $102)
Profit per SOL: $28
Total Unrealized Profit: $13.72M
Total Unrealized Profit: $603.63M
Will This Unlock Affect Solana’s Price?
The key question:
Will institutions sell, adding selling pressure?
Or will they hold for higher gains?
Large unlocks often cause volatility, but strong demand could offset selling pressure.
Final Thoughts
The March 1 unlock is a major event for Solana’s market. Will it trigger a dip or remain stable? Drop your thoughts below!