On March 1, 11.2 million SOL tokens worth $2.06 billion will be unlocked from the FTX bankruptcy auction, marking a major event in the cryptocurrency market.
The unlock event offers an opportunity to monitor price fluctuations, and if SOL’s value decreases due to increased supply, investors may seize the chance to acquire the token.
The market reaction to the upcoming 11.2 million SOL unlock depends on factors like the speed of token release, liquidation method, and demand absorption.
Some analysts remain optimistic about Solana's long-term prospects, as the blockchain continues to drive innovation in decentralized applications, decentralized finance, and non-fungible tokens.