Solana Token Unlock Could Increase Selling Pressure as 11.2 Million SOL Enters Circulation
Solana (SOL) is set to unlock 11.2 million tokens worth approximately $2.06 billion on March 1, raising concerns about how it could impact the market.
The event is further complicated by recent turbulence in the Solana ecosystem, which has heightened controversy surrounding the LIBRA meme coin and the planned issuance of significant institutional stakes. Traders are now assessing whether to hold, sell, or short SOL ahead of the unlock.
The token unlock is part of Solana’s planned distribution, with over 15 million SOL expected to enter circulation between February and April 2025. Analysts believe the upcoming issue could add to selling pressure, especially as major institutional holders including Galaxy Digital, Pantera and Figure prepare to make significant gains.
What do you think? What to expect from $SOL