#BinancePricePrediction
SOL’s price declines appear ahead of its upcoming token unlocking event.
What to know:
#11.16M SOL (~$1.79 billion) are set to be released on March 1, primarily from the FTX estate.
#Cryptocurrencies, DApps, Markets, Cryptocurrency Exchange, Decentralized Exchange, Market Analysis, Solana
SOL token unlocks per month. Source: Messari
#Concerns over increased sell pressure are high as the FTX estate may liquidate its holdings, increasing supply.
#Market uncertainty about how much of the unlocked SOL will be sold is leading to cautious trading and risk aversion.
#Investors preemptively pricing in the unlock impact is causing SOL to underperform ahead of the event.
