Solana’s $2 Billion Token Unlock: Is Your SOL Portfolio Safe on March 1?

Description

March’s 11.2M SOL unlock may drive volatility, as traders short ahead of release. SOL’s RSI nearing oversold levels hints at a possible rebound if selling persists. Despite the unlock, 97.52% of SOL tokens are already circulating in the market. Solana (SOL) is nearing its unlock event on March 1, releasing 11.2 million tokens worth about $2.07 billion . Notably, this comes to 2.29% of the total supply; a sizable cliff unlock. As the cryptocurrency market reacts to this event, traders anticipate ...