Solana (SOL) Crashes Through Key Support—Alameda Unlocks Fuel the Fire

Solana's SOL bleeds out as Alameda-linked wallets keep dumping.

Bearish momentum accelerates—no lifeline in sight.

Here's why traders are scrambling for exits.

Another day, another 'strategic unlock' that smells like panic selling. Wall Street would fine you for this—crypto just calls it 'market dynamics.'

The drop occurred on elevated trading volume running 17.25% above the seven-day average. This indicates active repositioning rather than passive drift.

Institutional demand remained strong through the price decline. solana spot ETFs recorded their tenth consecutive day of inflows this week. Weekly inflows totaled $336 million across the ETF products.

Grayscale and Bitwise Solana ETFs now collectively hold about $351 million worth of the cryptocurrency. Bitwise led weekly inflows with $118 million. The company maintains its yield-focused strategy through staking rewards averaging over 7% annually.

Major financial institutions including Rothschild Investment and PNC Financial Services disclosed new holdings in Solana-based products. Grayscale introduced options trading for its Solana Trust ETF to provide additional hedging tools for institutional traders.

Token Unlocks Create Selling Pressure

Selling pressure intensified following another scheduled token unlock from bankrupt Alameda Research. The FTX estate released approximately 193,000 SOL tokens worth $30 million on November 11.

$SOL Alameda unlock update

The most recent Alameda Research/FTX estate @solana ($SOL) unlock occurred today, November 11, 2025, involving approximately 193,000 $SOL valued at around $30 million. This is part of their ongoing monthly vesting schedule under bankruptcy…

— MartyParty (@martypartymusic) November 11, 2025

These releases are part of ongoing monthly vesting that began in November 2023. The program has been gradually distributing over 8 million tokens. These structured releases are managed under bankruptcy oversight and typically FLOW to major exchanges for creditor repayment.

The bankruptcy estate maintains approximately 5 million tokens in locked or staked positions. Smaller monthly unlocks will continue through 2028 based on pre-2021 investment agreements.

Large order book data on Coinglass showed elevated whale activity around Solana since Monday. Whales accumulated roughly $26 million worth of net spot inflows across Binance, OKX, and Coinbase over three days. They also executed over $457 million worth of long positions on Binance and OKX during the same period.

Retail Access Expands Through SoFi Bank

U.S.-based SoFi Bank recently announced it will start supporting crypto trading services. Solana’s official account confirmed that SoFi was the first bank to facilitate access to SOL through user checking accounts.

🚨JUST IN: SoFi, a regulated US bank with $36B in deposits, is introducing the option to buy $BTC, $ETH and $SOL directly from checking accounts. This is the first time a US-regulated bank is offering direct @Solana purchases through standard retail banking channels. pic.twitter.com/xtuTdYu2h5

— SolanaFloor (@SolanaFloor) November 11, 2025

The 60-minute technical analysis shows accelerating bearish momentum as SOL broke critical support at $156. The breakdown occurred during 15:00-16:00 UTC when price collapsed from $155.40 to $152.86 on 212,000 volume. This represented 123% above the hourly average.

Primary support establishes at the $152.80 demand zone with secondary levels at $150. Immediate resistance sits at $156, which was formerly support, and $160.

The token faces opposing forces between systematic token releases creating predictable selling pressure and institutional flows providing underlying support. A bounce toward $160-$165 resistance remains possible if $152.80 holds. A breakdown below $150 WOULD accelerate toward $145 support levels.