Solana cryptocurrency continues to fall in price

Cryptocurrency Solana SOL $111.53 Binance-Peg SOL 9.07% Market capitalization $0.12 billion VOL. 24 hours $1.23 billion has lost more than 4% of its value amid massive asset sales by large investors on the eve of a record one-day token unlock. Within just one day, four so-called «whales» withdrew from the staking and sold SOL for $ 46.3 million, which significantly affected market dynamics, according to Lookonchain analysts.

The main reason for the sale is the expected unlocking of SOL staking totaling $ 200 million. This event is scheduled for Friday and will be the largest in terms of the volume of unlocked tokens until 2028. Such situations are usually perceived by the market as a downward signal, as an increase in the number of tokens available for trading can put pressure on the price.

However, not all market players share the pessimism. One of the well-known traders working under the pseudonym MartyParty called these volumes «insignificant.» Indeed, the aforementioned unlocking is about 5% of the total trading volume over the past day, which is estimated at $ 4 billion.

Solana’s staking mechanism allows users to lock their tokens on the network and receive a reward for doing so. To unlock it, you need to deactivate the stake and wait for the waiting period to end. As of now, there are more than $ 44 billion in SOL tokens in staking, and the average annual yield is over 8%.

At the time of writing, Solana was trading at $ 116, which is almost 2% lower than the previous day. Nevertheless, since the beginning of 2025, the value of the asset has decreased by 39%.