Towards the end of the month, everyone knows that there will be a Solana token unlock on March 1 by FTX
The impact of the locked Solana which will be unlocked on March 1 is expected to further depress the price of Solana (SOL). On March 1, as many as 11.2 million SOL tokens will be unlocked and sold through an auction by FTX. This can cause an increase in the supply of SOL tokens in the market, thereby depressing the price.
In addition, the sale of SOL tokens through an auction can also affect investor confidence in Solana. If the sale of SOL tokens goes smoothly and the price remains stable, then investor confidence can increase. However, if the sale of SOL tokens does not go smoothly or the price drops, then investor confidence can decrease.
In the long term, the impact of this sale of locked SOL tokens can affect the Solana ecosystem as a whole. If the price of SOL remains stable and investor confidence increases, then the Solana ecosystem can continue to grow and attract more developers and investors. However, if the price of SOL drops and investor confidence decreases, the Solana ecosystem could be negatively affected.
However, it is important to remember that nothing is certain in crypto. Therefore, it is important to do thorough research
