Solana’s circulating supply will increase by 2.2% this Saturday with the unlocking of 11.2 million SOL from the FTX bankruptcy estate, valued at over $1 billion. This significant event will benefit claims buyers like Galaxy Asset Management, not FTX victims, as they have purchased rights to the tokens. Despite concerns, Galaxy’s Managing Director believes the market has already accounted for the impact of this unlock.
read morePantera Capital
0 in Finance and 0 in Crypto last week
Crypto Market Faces Significant Decline Amid Major Token Price Drops
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.
read moreSolana Faces Pressure as Price Drops and Market Activity Declines
Solana (SOL) has plummeted 11% to below $140, marking its lowest price since October 2024, with a market cap of $69 billion. The sell-off is exacerbated by large holders reducing their positions and the impending unlocking of 11.2 million SOL tokens linked to FTX’s bankruptcy, raising concerns of further price declines. Analysts warn that waning interest could push SOL down to $100, with current market activity showing a significant drop in active addresses and transaction fees.
read moreSolana 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.
read moreSolana 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.
read moreBitwise Secures 70 Million Funding to Expand Crypto Asset Management Services
Bitwise has successfully raised $70 million to enhance team development and its core product offerings, following a remarkable 10X growth in client assets under management, now exceeding $12 billion. The firm, which provides various crypto investment solutions including ETFs for Bitcoin and Ether, is part of a rapidly expanding market projected to grow at a compound annual rate of 22% to 25% until 2030, driven by regulatory clarity and institutional interest. Competitors like Galaxy Asset Management and Grayscale are also experiencing significant growth amid the ongoing bull run in the crypto sector.
read moreWintermute 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.
read moreCardano 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.
read moreSolana Faces Challenges Amid Memecoin Scandal and ETF Hopes
Retail investors are facing challenges as altcoins decline, with Solana’s price dropping 20% amid a memecoin scandal linked to Argentina’s president. Despite this, analysts from VanEck, Bitwise, and Pantera Capital remain optimistic, forecasting Solana’s potential growth driven by ETF approvals and a thriving developer ecosystem. Solana’s share of the smart contract market is expected to rise, bolstered by its dominance in decentralized exchange volumes and new token creation.
read moreAI and Crypto: Innovations and Challenges in a Decentralized Future
ChowWow is gaining traction as Solana faces challenges, with investors drawn to the intersection of AI and blockchain. Pantera Capital’s Cosmo Jiang highlights the potential for decentralized AI to combat deepfake scams and emphasizes the need for regulatory frameworks that support innovation while protecting consumers. Key investments include Bittensor and World, which aim to enhance open-source AI development and establish decentralized identity solutions.
read more