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Solstice airdrop claimers, selling pressure drags SLX price down nearly 50%
May 26, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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Solstice's SLX token plunged more than 40% within hours of its May 25 token generation event as airdrop claimers flooded the market with sell orders, creating acute sell pressure during the token launch. The Solana-based token began trading on Binance Alpha at 12:00 UTC with a fully diluted valuation near $230 million, raising concerns about distribution, liquidity and short-term market impact for the protocol and DeFi adoption.
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Solstice’s SLX token lost more than 40% of its value within hours of going live on May 25, as airdrop claimers flooded the market with sell orders during the Solana-based protocol’s token generation event (TGE). The token opened trading on Binance Alpha at 12:00 UTC with a fully diluted valuation near $230 million, according to...
