Solana Token Unlock: Will SOL Price Be Bullish or Bearish?

Bittime - Solana will implement a token unlock on March 1, 2025. This Solana token unlock will reach 112 million SOL or around $263 billion, 23% of the total circulating SOL supply. 

With such a large amount, the Solana market has the potential to experience significant price movements. So, will the SOL price be bullish or bearish? Read this article to find out more!

Solana Token Unlock

Source: Bittime.com

Token unlock often trigger an increase in circulating supply which can disrupt the balance between supply and demand. 

Typically, this is associated with increased selling pressure, potentially leading to a downward trend in prices. 

However, currently the price of SOL is observed to have increased by 4.77% in the last 24 hours, and is trading at $141.62. This increase certainly shows a positive signal, but must still be monitored until March 1. 

Read Also: Solana Token Unlock March 1, 2025: Everything You Need to Know

Market Sentiment Towards Solana Token Unlock

Meanwhile, market sentiment plays a big role in price movements when Solana token unlocks occur. 

Concerns about increasing supply can make investors more careful, even selling early to avoid the potential for further price declines. 

SOL Price Fundamental and Solana Token Unlock

Despite selling pressure due to Solana token unlocking, the asset's fundamentals remain strong. The Solana ecosystem continues to grow with increasing activity in the DeFi and NFT sectors, as well as increasing TVL. 

Apart from that, increasing interest from institutions is also a positive factor. In recent times, Solana recorded an inflow of over $9 million in SOL investments. 

If SOL price manages to cross the descending trend line at $225 and builds positive momentum, there is a chance for Solana to recover and strengthen.

Read Also: Solana Will Release 11.2 Million Tokens! This is the SOL Price Prediction after Unlock

Solana FAQs

What is Solana?

Solana is a blockchain that supports DApps with high speed and low transaction fees. Its advantage lies in the Proof-of-History (PoH) consensus mechanism which allows the network to process up to thousands of transactions per second with high efficiency.

How many Rupiah is 1 SOL?

Currently, 1 SOL is worth IDR 2,318,319 based on the Bittime market. 

1 SOL How much is USD?

Currently, 1 SOL is worth $141.62 according to Coinmarketcap. 

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Reference

El Dorado, Solana's Token Unlock: Will It Be a Bullish or Bearish Event?, accessed January 26, 2025.

Coinmarketcap, Coinmarketcap Currency Solana, accessed January 26, 2025.

Author: IPR