Solana News: Price Dip and Market Reaction to FTX Unlock Event

The cryptocurrency market is always subject to volatility, and Solana is no exception. Recent developments have caused the price of Solana to dip significantly, sparking concern among investors. Here’s a closer look at what’s happening and how it could affect the future of this popular digital asset.

Solana Price Dips Below $160 Due to FTX Unlock Event

The price of Solana has fallen below $160 as investors react to the upcoming unlock of 11.2 million SOL tokens by the defunct exchange FTX, set for March 1, 2025. This event could flood the market, pushing prices down. Over the past month, Solana dropped more than 35%, with a current market cap of $78 billion and fully diluted valuation of $95 billion. Large investors are using put options to protect against further drops.

Solana Recovers from $131 and Hits $142 — Is DexBoss the Next Big Crypto?

Solana’s price marked its top at $145 on 26th February, 2025 at 03:20 UTC, with a low of $130 at 18:50 UTC. The price dropped and formed an expanding triangle pattern, which broke out in the early hours of 27th February at 01:20 UTC. However, after breaking out, the price was not able to pass the level of $142.5, creating a resistance zone. Investors and traders are looking for more promising projects amid Solana’s decline.

Solana Dips Below $130 Ahead of Major SOL Token Unlock

Solana has fallen to $126, its lowest price since mid-October, as investors brace for an upcoming 11.2 million SOL token unlock from the FTX bankruptcy estate. According to crypto.news price tracker, Solana (SOL) has dropped 9% in the last 24 hours and 27% over the past week. FTX, once a major holder, has been selling off assets to repay creditors. The next scheduled unlock on March 1, totaling $1.3 billion at current prices, has raised fears of a possible sell-off, adding downward pressure on SOL in an already weak market.

Solana Whales Keeping Tabs On Rollblock Presale

Solana (SOL) has found stability after nearly a month of decline. Many high-profile Solana investors are rotating capital into undervalued, low-cap plays like Rollblock. Rollblock, an Ethereum-based GameFi platform, has gained traction in the crypto gaming niche and has captured the attention of over 50,000 investors. Its ongoing presale of the RBLK token is close to reaching $11 million in raised funds.