Solana Whales Prepare for a Crash: Mass Buying of SOL Put Options Ahead of a Major Unlock
Large investors have begun actively betting on the fall of Solana (SOL) by buying put options on the Deribit exchange. Last week alone, the volume of such transactions reached $32.39 million, which amounted to 25% of all SOL option activity.
Why is this important?
1️⃣ The market is expecting SOL to fall - 80% of large transactions were put options, which protect against a price drop. For comparison, this figure was 40% for BTC, and 37.5% for ETH.
2️⃣ Weak activity on the network - after the rise of memecoins and the hype around the TRUMP token, Solana began to fade: the number of transactions and trading volume on the DEX fell sharply.
3️⃣ A massive SOL unlock is coming – 11.2 million SOL (≈$2.07 billion) will be released into circulation on March 1, which is 2.29% of the total supply. This will create a huge burden on the market, as the amount is comparable to 59% of SOL's daily trading volume.
🔻 What does this mean?
Whales are hedging their bets against a SOL collapse, expecting strong volatility. Some are also using options to profit from possible sharp movements.
💬 What are your predictions? Will SOL fall after the unlock?
#SolanaCrash ⚠️📉 #SOLDump 🚀➡️🕳️ #CryptoWhales 🐋💰 #SOLUnlock 🔓🔥 #BearishCrypto 🐻📊
