#sol
The Solana (SOL) market is poised for a major shakeup as a total of 11.2 million SOL tokens, worth approximately $2.06 billion, are scheduled to be unlocked on March 1st following the FTX bankruptcy auction. This upcoming token issuance marks the final stage of the FTX liquidation process.
The market’s reaction to the upcoming unlocking of 11.2 million SOL tokens depends on several factors, including how quickly these tokens hit the market, the method of liquidation, and whether demand can absorb the additional supply. If these tokens are all dumped at once, the price could plummet. However, if the liquidation is spread out over time, the market will be able to adjust without extreme volatility.