11.2 million SOL tokens will unlock on March 1. Will traders hold, short or sell their Solana positions ahead of the distribution event?
Trouble in Paradise is an apt idiom to describe the current Solana (SOL) ecosystem. The vastly popular L1 token has attracted bad publicity due to the recent LIBRA memecoin fiasco, which included the president of Argentina, insider trading, and over $4.3 billion wiped out in less than 24 hours.
While rival communities were taking shots at Solana recent woes, a massive SOL token unlock event has provided more fuel to the fire, which could potentially add to the selling pressure for the sixth-largest cryptocurrency.
Last month, artchick.eth, an anonymous crypto commentator, outlined Solana’s token unlock schedule for 2025. While Solana has a current token inflation rate of 4.715%, over the next three months (Feb-Mar-Apr), over 15 million SOL tokens worth over $7 billion will enter the circulating supply.
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