Coinspeaker
SOL Price Predictions: How Low Can Solana Drop Following FTX Unstaking?
Solana
SOL
$144.8
24h volatility:
7.2%
Market cap:
$73.70 B
Vol. 24h:
$8.04 B
, the Ethereum Layer-1 competitor, has come under strong selling pressure, dropping another 16% today to $136. Today’s selling pressure comes amid the broader market selloff along with crypto exchange FTX unstaking $43 million worth of SOL tokens.
FTX and Alameda Unstakes and Transfers $431.3 Million in Solana (SOL)
Crypto exchange FTX and its sister company Alameda Research have unstaked 3.03 million SOL tokens, valued at approximately $431.3 million, while further transferring them to some unknown wallets. This sudden rush of supply in the market has induced additional selling pressure on Solana (SOL).
As per the on-chain data from Arkham Intelligence, wallet address CVjsf5…shH63R received the largest share, amounting to 892,800 SOL, worth roughly $128 million. Additionally, more than 12 other wallet addresses each received transfers exceeding $10 million worth of SOL.
This massive movement of Solana tokens has made the crypto community alert, raising the speculation of potential liquidation or strategic reallocation.
Additionally, data from blockchain analytics platform Glassnode reveals that SOL recorded an hourly profit realization of $257 million. Of this amount, $255 million (99.14%) was realized by investors who capitalized on the recent price dip over the past week.
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Source: Glassnode
This development underscores growing market activity around Solana, with investors leveraging short-term price volatility for substantial returns.
SOL Reverses All Gains after US Reserves Announcement
Over the last week, US President Donald Trump announced Solana (SOL) as part of the strategic crypto reserves with the SOL price shooting all the way to $180 levels in no time. However, it has turned out to be a classic pump and dump event.
As of press time, Solana is trading 15% down at $136.91 with daily trading volumes dropping by 35.82% to $8.77 billion. Furthermore, the coinglass data shows that the SOL futures open interest has tanked more than 17% to $4.05 billion while 24-hour liquidations have soared to more than $59 million.
This shows that the market sentiment for Solana has turned absolutely negative. Market analyst Ali Martinez has highlighted Solana’s (SOL) ongoing price movement, noting that the cryptocurrency continues to trade within a right-angled ascending broadening pattern. This technical formation typically indicates a period of consolidation, potentially leading to heightened volatility and significant price swings in the near future.
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Source: Ali Martinez
As shown in the above image, if SOL price breaks under $128 levels, the next stop would be to $61. Investors are currently on the edge as global markets brace for volatility amid Trump tariff war.
SOL Price Predictions: How Low Can Solana Drop Following FTX Unstaking?
