The cryptocurrency market is actively trading today, with Bitcoin surpassing 118 thousand USD, boosting Ethereum, XRP, and Solana by 5–8%.
Amid the overall growth trend, FTX has unstaked a large amount of SOL, causing many investors to be concerned about potential selling pressure during the current bull run.
MAIN CONTENT
FTX unstaked nearly 190 thousand SOL worth 30.9 million USD, raising concerns about selling pressure.
Solana maintains strength at a price of 164.71 USD and revenue of 271 million USD for Q2 2025.
Major institutions are ramping up investments in SOL, creating long-term growth momentum for Solana.
How much SOL did FTX unstake and what impact does it have on the market?
FTX just unstaked 189,851 SOL equivalent to 30.94 million USD, continuing the process of liquidating bankruptcy filings to pay off debts. This may create increased selling pressure in the short term; however, this is not an unusual action in the context of asset liquidation.
Previously, FTX had continuously unstaked SOL in 2025, with 3.03 million SOL worth 431 million USD unlocked in March, followed by an unstake of over 32 million USD in May and 188,000 SOL in June. This created significant market pressure but did not cause significant volatility in the Solana market.
“FTX is selling SOL to pay off debts, putting temporary pressure on the market, but with the strength of the ecosystem, SOL will recover soon.”
Mr. Nguyen Thanh Son, Cryptocurrency Analyst, June 2025
How stable and developing is Solana's price in the current context?
Solana still maintains its position, trading around 164.71 USD, up 4.5% in 24 hours. Increased interest from institutional investors helps the market absorb the amount of SOL recently unstaked from FTX.
Analysts predict that the price of 180 USD is just the beginning; Solana has the potential to return to its ATH thanks to momentum from DeFi, NFT, and applications on the network.
Solana's revenue in Q2 2025 reached 271 million USD, surpassing Ethereum and Tron, marking the third consecutive quarter leading in revenue within the Layer 1 ecosystem. June saw Solana having the same number of monthly active users as the total of other Layer 1 and Layer 2 projects, reinforcing its development position and attractiveness to developers.
Which major institutions are investing in Solana and what is the impact?
Many 'giants' in the cryptocurrency industry are ramping up investments in Solana. BIT Mining is shifting focus to build a SOL treasury worth 200–300 million USD while operating a confirmation node. DeFi Development Corp has also increased holdings to 846,630 SOL, equivalent to 133 million USD, becoming the largest public company holding SOL.
Thanks to increased partnerships and the prospect of launching a spot ETF for SOL, Solana's future is forecasted to have many positive prospects.
“The backing of major financial institutions and the strong development of the ecosystem will take Solana to new heights.”
Mr. Le Van Hung, CEO of Blockchain Investment Company, June 2025
Frequently Asked Questions
Does FTX's unstaking of SOL have long-term negative effects on Solana?
Selling pressure from FTX unstaking may cause short-term volatility but does not undermine the fundamental development of the ecosystem and demand from institutions.
Will Solana maintain its price increase in the upcoming period?
With high revenue and a significant increase in users, Solana is still in a growth cycle, and the price could exceed 180 USD in the near future.
Which organizations are making significant investments in Solana?
BIT Mining and DeFi Development Corp are among the largest organizations currently holding significant amounts of SOL and developing Validator nodes.
How does Solana's revenue compare to other blockchains?
In Q2 2025, Solana achieved revenue of 271 million USD, surpassing Ethereum, Tron, and many other Layer 1 projects.
How does the launch of the ETF affect SOL's price?
The spot ETF will increase availability and attractiveness to institutional investors, thereby supporting SOL's sustainable growth.
Source: https://tintucbitcoin.com/solana-mat-309-trieu-usd/
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