SOL Price Declines Ahead of FTX Token Unlock, Trading Volume Increases

Solana (SOL) is currently trading at $171.69 with a 24-hour price change of -2.29% and active trading volume, maintaining its position as a top cryptocurrency by market capitalization. The recent price decline can be attributed to the scheduled unlock of 472,990 SOL tokens related to the FTX/Alameda bankruptcy on May 24, 2025, which may have increased short-term selling pressure, alongside broader market volatility despite ongoing ecosystem developments and positive DeFi activity on the Solana blockchain.