Solana News: Price Tumbles Amid Token Unlock Concerns and Market Decline

Is Solana Crashing Below $100? Token Unlocks Fuel Fresh Sell-Off Concerns

Solana has tumbled to $124 today, marking a 3% loss as the cryptocurrency market declines by 4% in the past 24 hours. SOL is now down by 9% in a week and by 38% in the past month, with the altcoin, the sixth-biggest in the market, also down by 16% in a year. The past few weeks have been difficult for Solana, which has witnessed a decline in meme token interest and a massive unlock of tokens via the FTX estate. Such factors have suppressed demand for SOL, and combined with difficult market and macroeconomic conditions, it may be several weeks before the coin enjoys a sustained rally.

Best Presales to Buy Now – Which Coins Could Be the Next Big Winners?

The best presale tokens offer potentially high returns once the projects list on exchanges. Tokens are sold at a cheap fixed price at presale, providing an opportunity for early investors. Successful presales raise millions, fueling liquidity, hype, and price momentum upon listing. One presale project to watch is Solaxy ($SOLX), which is launching the first-ever Layer 2 scaling solution for Solana to eliminate congestion and slash transaction fees.

Solana (SOL) Price Prediction for March 11

Currently, Solana (SOL) is trading at $125.57 after a 3.93% increase in the last 24 hours. Although this daily rebound is encouraging, SOL is down 37.90% over the past 30 days, indicating sustained bearish pressure in the longer term. The 20-day and 50-day Simple Moving Averages (SMAs) are critical for gauging near-term momentum, and SOL’s price is currently testing these averages. If the price can hold above the 20-day SMA, it may suggest that recent buying pressure is stabilizing the market.

Top 5 Crypto Presales to Invest in 2025

The 2024-2025 crypto bull market is heating up. The 2025 calendar year has brought new challenges to crypto innovation but also presents significant opportunities for investors. GameFi, Artificial Intelligence (AI), Layer 2 solutions, and meme coins form the bulk of new projects. One notable presale to look forward to is Seek Protocol, which is rewriting the rules of digital immersion with AR, AI, and blockchain on Solana, offering truly interactive experiences.