Solana Unlocks: Everything You Need to Know
1: One of the biggest unlocks in crypto history:
- $1.8B worth of SOL (11.2M tokens) unlocking
- After this, only 0.3% of SOL’s supply remains to be unlocked
2: FTX Estate owns the unlocked SOL:
- In May 2024, FTX sold $2.6B in SOL as part of its bankruptcy liquidation
- That sale caused a 4% drop to $169
- They could sell again, leading to similar price action
3: No more major unlocks, but inflation is still a factor:
- SOL’s current inflation rate: 4.7% per year
- At today’s price, that’s $3.6B in new supply annually
- If SOL hits $270, that number jumps to $7.2B
- Inflation is set to decrease 15% per year
My Take: Short-term, this could be a scary event for SOL’s price
But long-term Solana will be fine:
- It already survived similar (even bigger) sell-offs
- It’s been one of the best performers this cycle
- It has a massive user base
- A Solana ETF is coming
Short-term volatility, long-term strength