Saturday, June 28, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

Solana Soars 10% After $1.1B Unlock – Was It Already Priced In?

Veronicah Peninah by Veronicah Peninah
March 1, 2025
in Binance Feed, Market
Reading Time: 4 mins read
Solana Soars 10% After $1.1B Unlock – Was It Already Priced In
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • Despite the $1.1B token unlock, SOL surged 10%, suggesting the market had already priced in the event.
  • Open interest remains high at $3B, indicating traders are still engaged despite recent price fluctuations.
  • RSI nearing oversold conditions and MACD bearish momentum suggest SOL could stabilize or rally if buying pressure increases.

With the bankruptcy cryptocurrency exchange FTX  set to begin repaying creditors by unlocking 11.2 million $SOL  (worth over $1.1 billion at current prices). This massive release of Solana tokens has sparked fears of a market sell-off, potentially driving SOL’s price to new lows. But shockingly, Solana experienced a 10% price increase despite the scheduled token unlocks, raising questions about its market stability.

$SOL IS UP 10% DESPITE TODAY'S UNLOCKS

SO IT WAS INDEED PRICED IN? pic.twitter.com/jnlAHUW9NO

— Mario Nawfal’s Roundtable (@RoundtableSpace) March 1, 2025

Historically, unlock events trigger selling pressure, but Solana remained resilient. Investors speculated that the unlocks were already factored into market prices. The asset’s ability to maintain its gains suggests strong investor confidence. Market participants anticipated downward pressure, but buy orders kept prices stable.

Related articles

Altcoin Market Readies for Breakout as Macro Patterns Align with S&P500 Surge

Altcoin Market Readies for Breakout as Macro Patterns Align with S&P500 Surge

June 28, 2025
Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

June 23, 2025

Solana price today is trading at $ 140.30 with a 24-hour trading volume of $5.77B, market cap of $71.17B which is a 7.02% increase, and market dominance of 2.43%. The SOL price increased 5.3% in the last 24 hours signalling positive momentum in the market. 

SOL’s Price Surge and Open Interest Shift

According to analysis from Coinglass,from early January to late November, SOL experienced a parabolic price increase, peaking at approximately $250 before undergoing a sharp decline toward $150. Notably, open interest surged alongside price, exceeding $6 billion during the rally, signaling heightened speculation. However, the drop in price coincided with a decline in open interest, indicating liquidations and reduced trader participation.

Source:Coinglass

The current SOL market value maintains a position near $150 while open interest levels exceed $3 billion. Although speculative interest remains active there could still be increased market volatility. A bullish trend would emerge if SOL surpasses $180-$200 resistance levels.

Technical Indicators Signal Potential Reversal

The Solana MACD indicator points towards a bearish market condition since the MACD line is below the signal.

Source:Trading View

Additionally, the RSI at 35.68  suggests that SOL is approaching oversold conditions, signaling potential price stabilization or a reversal if buying interest increases. However, sustained weakness may lead to further declines unless broader market sentiment shifts positively.The capacity of Solana to maintain its current price gain indicates potential future price increases as long as market demand remains strong.

Tags: Price AnalysisSolana (SOL) News

Related Posts

Altcoin Market Readies for Breakout as Macro Patterns Align with S&P500 Surge

Altcoin Market Readies for Breakout as Macro Patterns Align with S&P500 Surge

by Irene Mukiri
June 28, 2025

TOTAL2 chart signals a historic altcoin breakout pattern forming between 2022 and 2024 Falling exchange reserves and FTX repayments may...

Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

by Veronicah Peninah
June 23, 2025

More than $33 million of token unlocks are expected next week, with Space ID, AltLayer, and Maga taking the lead....

Is Pi Network’s Price Crash Justified—or Is the Market Overreacting

Is Pi Network’s Price Crash Justified or Is the Market Overreacting?

by Munene Timothy
June 23, 2025

Pi Coin trades above $0.50 after dipping to $0.47, with $0.48 acting as key support and $0.60 as major resistance....

Ethereum’s Silent Surge Why Q4 Could Spark the Next Altcoin Run

Ethereum’s Silent Surge: Why Q4 Could Spark the Next Altcoin Run

by Irene Mukiri
June 23, 2025

Institutions are quietly accumulating Ethereum, signaling strong long-term conviction. ETH staking and tokenization trends are reducing supply and boosting on-chain...

Altcoin Momentum Grows as Bitcoin Dominance Slips Below 64%

Altcoin Momentum Grows as Bitcoin Dominance Slips Below 64%

by Jonathan Carls
June 23, 2025

Bitcoin dominance drop hints at a renewed investor shift toward altcoins. Ethereum leads altseason as institutional inflows surge to $700...

Load More

Recent News

  • Altcoin Market Readies for Breakout as Macro Patterns Align with S&P500 Surge
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions
  • Is Pi Network’s Price Crash Justified or Is the Market Overreacting?
  • Ethereum’s Silent Surge: Why Q4 Could Spark the Next Altcoin Run
  • Altcoin Momentum Grows as Bitcoin Dominance Slips Below 64%

Popular News

  • JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    226 shares
    Share 90 Tweet 57
  • Will SHIB’s Utility Tokens Fuel Its Rise Over TON?

    204 shares
    Share 82 Tweet 51
  • Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    229 shares
    Share 92 Tweet 57
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    198 shares
    Share 79 Tweet 50
  • Aptos and Filecoin Lead the Next Layer 1 Push — Will They Sustain the Rally?

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Altcoin Market Readies for Breakout as Macro Patterns Align with S&P500 Surge
Altcoin Market Readies for Breakout as Macro Patterns Align with S&P500 Surge
June 28, 2025
Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions
Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions
June 23, 2025
Is Pi Network’s Price Crash Justified—or Is the Market Overreacting
Is Pi Network’s Price Crash Justified or Is the Market Overreacting?
June 23, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact