SOL Price Prediction: How Will 3 Million Unstaked Tokens Affect Its Value?

• SOL shot up 24% over the weekend after Donald Trump’s crypto reserve announcement.
• FTX/Alameda have unstaked 3.03 million SOL tokens, resulting in a potential sell-off risk.
• CME Group is about to debut SOL futures on March 17, giving a bullish hope to investors.

Solana’s price surged 24% over the weekend, only to plummet 15.13% in the last 24 hours, and is currently trading around $137.09. 

The altcoin has been extremely volatile, and a major reason for this is the recent unstaking of 3.03 million SOL (~$431.3 million) by FTX/Alameda. These tokens have been sent across multiple wallets, raising questions about a potential sell-off.

Large SOL Transfers Spark Sell-Off Fears

Blockchain analysis platform Lookonchain pointed out multiple large transfers happening quickly, with some transactions going over 100,000 SOL. Historically, such large unlocks have pushed prices down as liquidity increases in the market. If these funds are moved to exchanges, it could mean a sell-off, leading to further price declines for SOL.

Given FTX’s bankruptcy proceedings, some of these funds may end up being liquidated to compensate creditors.

CME To Launch SOL Futu…

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