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Coin Edition 2025-02-18 03:30:00

Solana’s $2 Billion Token Unlock: Is Your SOL Portfolio Safe on March 1?

March’s 11.2M SOL unlock may drive volatility, as traders short ahead of release. SOL’s RSI nearing oversold levels hints at a possible rebound if selling persists. Despite the unlock, 97.52% of SOL tokens are already circulating in the market. Solana (SOL) is nearing its unlock event on March 1, releasing 11.2 million tokens worth about $2.07 billion . Notably, this comes to 2.29% of the total supply; a sizable cliff unlock. As the cryptocurrency market reacts to this event, traders anticipate increased volatility through mid-March. In the meantime, technical indicators suggest bearish sentiment, backing up the uncertainty around SOL’s price movement. 2/ 11.2m SOL unlocks in early March between FTX Estate and a foundation sale outside of the Estate (this dash doesn’t break down the attribution) pic.twitter.com/QF0RMPSdwD — Kelly Greer (@kellyjgreer) February 16, 2025 Large Unlock Size & Potential Market Pressure The upcoming unlock includes tokens from the FTX Estate and a separate foundation sale. Even so, the release is just 0.01% of Solana’s total market capitalization, which is now $90.45 billion. However, the unlock size is nearly… The post Solana’s $2 Billion Token Unlock: Is Your SOL Portfolio Safe on March 1? appeared first on Coin Edition .

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