Solana’s Major Unlock Sparks Market Speculation
A major event in the cryptocurrency world has just unfolded, with a significant amount of Solana (SOL) being unlocked and deposited into major exchanges. Here’s what you need to know.
Major Solana Unlock Sends $33.27M SOL to Centralized Exchanges
A significant event in the crypto space has occurred with the unlocking of a large amount of staked Solana (SOL). According to blockchain analytics platform Onchain Lens, 425,266 SOL, worth roughly $49.78 million, was unstaked on April 4, 2025. This was the largest scheduled unlock of staked SOL until 2028. Shortly after, 284,147 SOL, valued at $33.27 million, were deposited into major exchanges like Coinbase, Kraken, and Binance. This movement indicates potential upcoming selling pressure in the SOL market.
Solana Unlock Releases $200 Million in SOL Amid Waning Investor Interest
Solana has experienced its largest single-day token unlock, with more than $200 million worth of SOL entering circulation as investor interest in the network weakens. According to blockchain analytics platform Arkham Intelligence, over 1.3 million SOL tokens were released from staking on April 4. This is the biggest single unlock of staked SOL expected until at least 2028. These tokens were initially staked in April 2021, when their total value stood at $37.7 million. The holders are up nearly fivefold from their original positions at current market prices. Further data from Onchain Lens shows that approximately 425,000 SOL, worth nearly $50 million, have already been unstaked, with more than 280,000 SOL tokens valued at around $33 million being quickly transferred to centralized exchanges.
Solana and Solaxy News Roundup: SOL Rebound Predicted, Layer-2 Launch, PayPal Integration
Solana’s (SOL) price has seen significant volatility, reaching an ATH of $294.33 in January 2024 and losing more than half its value since. However, analysts predict a rebound to $250 in Q2. Solaxy (SOLX) is preparing to launch its Layer-2 solution to address Solana’s congestion issues, which could contribute to positive growth this quarter. PayPal has also added Solana for its US customers, increasing institutional interest. Fidelity is looking to launch a Solana ETF, further fueling the buzz around SOL.
Grayscale Files for Solana ETF
Grayscale has taken a big step towards mainstream adoption of Solana (SOL) by filing an S-1 application for a Solana Exchange-Traded Fund (ETF). This move could make Solana more accessible to both retail and institutional investors, providing a regulated way to invest in the cryptocurrency. As Solana continues to gain traction in the blockchain space, the ETF filing signals growing confidence in its potential. If approved, this could bring more stability and legitimacy to Solana, further cementing its place in the crypto market.
