Solana’s price has dropped to $126, its lowest since mid-October, amid concerns over an upcoming unlock of 11.2 million SOL tokens from the FTX bankruptcy estate. The token has fallen 9% in the last 24 hours and 27% over the past week, with fears of increased selling pressure as FTX continues to liquidate assets.The overall crypto market cap has decreased by over 8%, with major tokens like Ethereum and Ripple also experiencing significant declines. Solana’s market cap has fallen to $62 trillion, reflecting a more than 50% drop from its all-time high of $293.31.
about Crypto Market Faces Significant Decline Amid Major Token Price DropsFigure Acquisition Corp. I
0 in Finance and 0 in Crypto last weekSolana Faces Major Decline as Whales Sell and Activity Drops
Solana faces significant challenges as whale investors offload holdings, leading to a 60% drop in active addresses from 18.5 million to 7.3 million. The price has fallen 15% in 24 hours to $135, with fears of further declines due to an upcoming 11.16 million SOL unlock from FTX’s bankruptcy proceedings. Analysts warn that without a recovery above $150, Solana could see prices plunge toward $100.
about Solana Faces Major Decline as Whales Sell and Activity DropsSolana Faces Major Decline as Whales Sell and Activity Drops Sharply
Solana faces significant challenges as whale investors offload holdings, leading to a 60% drop in active addresses from 18.5 million to 7.3 million. The price has fallen 15% in 24 hours to $135, with fears of further declines due to an upcoming 11.16 million SOL unlock linked to FTX’s bankruptcy. Analysts warn that continued selling pressure could push Solana’s price below critical support levels.
about Solana Faces Major Decline as Whales Sell and Activity Drops SharplyWintermute Withdraws 38 Million Solana Ahead of Major Token Unlock
Wintermute has withdrawn over $38 million in Solana from Binance just ahead of a significant $2 billion token unlock scheduled for March 1, which will release more than 11.2 million SOL into circulation. Concerns are rising that this unlock could lead to substantial selling pressure, as many tokens were acquired at lower prices during FTX auctions, potentially resulting in significant profits for firms like Galaxy Digital and Pantera Capital. The market is already reacting, with Solana’s price dropping over 7.5% to a three-month low amid fears of increased selling activity.
about Wintermute Withdraws 38 Million Solana Ahead of Major Token UnlockSolana Market Cap Faces Challenges as Remittix Gains Momentum in PayFi
The Solana market cap faces potential halving due to an upcoming $2 billion token unlock, exacerbated by recent negative sentiment from the LIBRA memecoin incident. Analysts warn of increased selling pressure, while investors are shifting focus to Remittix, a promising PayFi token offering innovative cross-border payment solutions. With Remittix priced at $0.0628 in presale, forecasts suggest significant gains ahead.
about Solana Market Cap Faces Challenges as Remittix Gains Momentum in PayFiSolana Faces Pressure as FTX Prepares to Unlock 11 Million SOL Tokens
Solana’s market sentiment worsens as FTX prepares to unlock 11.2 million SOL, valued at nearly $2 billion, on March 1, increasing the circulating supply. Amid ongoing concerns over insider trading and a recent rug pull incident, analysts warn that potential liquidation by major buyers could further depress prices, with Solana trading down 10% in the past week.
about Solana Faces Pressure as FTX Prepares to Unlock 11 Million SOL TokensSolana DEX Volume and SOL Price Decline Amid Market Uncertainty
Solana’s decentralized exchange (DEX) volumes plummeted to a five-week low of US$2.61B, with on-chain activity down 28% amid market uncertainty, while SOL’s price dropped 14% to around US$169. The decline is exacerbated by the upcoming release of 11.2 million SOL from FTX’s bankruptcy auction, prompting investor caution, and waning interest in memecoins following the LIBRA crash, which has further shaken market sentiment.
about Solana DEX Volume and SOL Price Decline Amid Market UncertaintyCardano Founder Critiques VC Chains Amid Concerns Over CrimeFi Trends
Cardano founder Charles Hoskinson has criticized venture capital-backed cryptocurrencies, labeling them as outdated and coining the term “CrimeFi” to describe their potential for market manipulation. His remarks come ahead of a significant unlock of 1.2 million SOL tokens, valued at over $2.06 billion, for VCs in March 2025, raising concerns about transparency and the impact on retail investors. The scrutiny on Solana intensifies amid past controversies, including the FTX bankruptcy auctions and issues within the meme coin market.
about Cardano Founder Critiques VC Chains Amid Concerns Over CrimeFi TrendsImpact of 11.2 Million SOL Token Unlock on Solana Market Volatility
FTX’s bankruptcy saga intensifies as 11.2 million SOL tokens, valued at $2.06 billion, are set to unlock on March 1st, following three successful auctions that sold 41 million SOL. Galaxy emerged as the largest buyer, acquiring 25.52 million SOL at $64, yielding a 187% return, while the final unlock could further impact Solana’s market volatility and FTX’s restructuring efforts. Investors are closely monitoring the situation, as the high-profile auctions may significantly influence the broader crypto market.
about Impact of 11.2 Million SOL Token Unlock on Solana Market VolatilityMeme Coin Decline Raises Concerns for Solana’s Market Stability
Solana is experiencing heightened selling pressure and negative sentiment, largely due to the decline of the meme coin market, which has led to increased volatility and investor caution. A recent rug pull involving the LIBRA meme coin has further shaken confidence, contributing to a 10% drop in SOL over the past week and a 40% decline from its January peak. As trading volumes on decentralized exchanges plummet, Solana faces a critical moment to regain investor trust or risk further downside.
about Meme Coin Decline Raises Concerns for Solana's Market StabilitySolana Faces Selling Pressure Amid Token Unlock and Market Concerns
Solana faces significant challenges as a $2 billion token unlock approaches, potentially increasing selling pressure amid negative sentiment from the recent LIBRA memecoin incident. Analysts warn that major stakeholders may sell their allocations, with futures traders aggressively shorting SOL, reflecting a bearish outlook. If Solana fails to maintain key support levels, it could see further declines, marking a precarious period for the cryptocurrency.
about Solana Faces Selling Pressure Amid Token Unlock and Market ConcernsSolana Faces Supply Pressure as Key Support Levels Are Tested
Solana (SOL) has faced significant pressure, dropping below $200 amid the Libra rug pull controversy and struggling to maintain the $182 support level. With a potential unlock of 11.2 million SOL tokens on March 1, further selling pressure looms, risking declines to $161, $150, or even $135 if the $180 support fails. Despite bearish momentum, a resilient RSI hints at a possible bullish divergence, suggesting a potential turnaround could test the $200 mark again.
about Solana Faces Supply Pressure as Key Support Levels Are Tested