About $870 million worth of SOL tokens that were previously locked in staking or vesting arrangements have recently become liquid again, meaning they can now be traded or sold. This sudden increase in available supply could create selling pressure on the market.
Traders and analysts are closely watching whether these tokens flow to exchanges (which could lead to heavy selling) or are re-staked/held (which would lessen immediate pressure).
The market is seen as fragile right now, with technical indicators suggesting possible price weaknesses if key supports break — though absorption of the new supply could prevent a sharp decline.
Increased holdings by short-term traders and decreased long-term holder accumulation have heightened concerns, making sentiment more cautious.
SOL
82.75
-3.08%