Arbab Sagar

Entered

Umar brother, can this go below 0.5?

hold

#Sol Boom - 24% 🆙📈

Solana is under pressure ahead of $1.7B token unlock

Solana has dropped 39% in the past month, weighed down by market uncertainty and an impending 11.2 million SOL unlock ($1.7 billion) on March 1. Additional token releases in April and May are fueling concerns of further selling pressure.

Many of these tokens were acquired during FTX’s auctions at $64 per Solana, meaning firms like Galaxy Digital and Pantera Capital may take profits, intensifying selling pressure.

Currently trading between $155 and $159, Solana has fallen 46% from its January peak of $295. Historically, major token unlocks suppress prices as increased supply dilutes demand.

Adding to uncertainty, market maker Wintermute recently withdrew $38 million in Solana from Binance, raising speculation about potential sell-offs. The LIBRA memecoin scandal erased $4 billion in investor capital and has also hit market sentiment.

If Solana holds above $155, stabilization is possible. However, a break below this level could send it toward $120. With March 1 approaching, investors brace for heightened volatility.

#Sol #crashmarket #BTCCrash

#SOL I Can Buy This On 178$ But Now Its Down To 156$ - Any Expert Suggestion? Can Hold Sol?