Solana (SOL) recently saw the unlocking of a massive amount of tokens from FTX/Alameda, raising doubt about the market performance despite recent price hike.
In particular, FTX/Alameda unlocked 186,326 SOL tokens, or about $21,500,000.
This could cause some investors to think about selling their holdings as the market reacts. The price could now be turning volatile and continuing to head down.
Source: @lookonchain | X
This is one in a series of unlocks that have been ticking along since Solana’s earlier days with FTX.
Given that Bitcoin dissidents FTX and Alameda have owned a large chunk of Solana in their portfolios.
This sizeable release represents 186,326 SOL tokens to Sam Bankman Fried and Alameda.
Most of the time, unlocking tokens signifies a time when the supply is higher than the demand for the tokens.
This naturally ensures downward price pressure. FTX/Alameda institutions may seek to make hay while the sun shines, which may lead to selling pressure as the
We współpracy z: https://www.thecoinrepublic.com/2025/04/12/institutions-possibly-disposing-of-solana-time-to-sell/
