$SOL might face an unprecedented surge in selling pressure after 18 million coins get unlocked
exchange and Alameda fund caused a catastrophe on the market, but while Ethereum and Bitcoin handled it relatively well, assets like Solana might have more troubles than users expect.More than 18 million coins worth approximately $320 million will hit the cryptocurrency market in the next 24 hours after they are released from staking.FTX and Alameda fund have acquired SOL back in 2018-2019 via a series of OTC deals.
At press time, Solana supporters are trying to hold the $16.35 price while facing a 30% price drop in the last 24 hours.
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