Solana’s Token Unlock on April 4: Key Price Levels to Watch,
Solana Price Outlook – On April 4, 2025, Solana (SOL) will experience a significant unlocking event, releasing over $200 million worth of tokens into circulation. This unlock, the largest single-day release of staked SOL until 2028, is drawing attention due to its potential impact on Solana’s price and market dynamics. The unlocking event involves four accounts that initially staked their SOL in April 2021. At current market prices, these accounts have seen a remarkable 5.5x return on their investments.
Breakdown of the Unlocking Event
The token unlock will involve substantial amounts of SOL being released. One account will unlock 991,079 SOL tokens, valued at approximately $27.32 million. Another account will release 297,323 SOL worth $7.43 million, while 74,330 SOL tokens, valued at $1.97 million, and 34,687 SOL, worth $936,720, will also be unlocked. The sheer volume of these unlocked tokens is expected to influence the market.
Solana’s Inflation Concerns
In January 2025, crypto analyst artchick.eth highlighted the unlock schedule for SOL until 2028, noting that the token inflation rate stood at 4.715%. This inflation is exacerbated by the recent SOL releases, particularly since a large portion of SOL was originally acquired during FTX auctions at a much lower price point. This influx of new SOL into circulation could have significant negative implications on the price of Solana.
Key Price Levels for Solana
At present, SOL is trading at $114.35, hovering near a crucial Fibonacci support zone between $100 and $115. If this support level holds, it could present an opportunity for early accumulation. However, if SOL drops below this range, the next major support level lies between $50 and $72, which has historically triggered major rallies, including the 2,100% surge between 2020-2021. Analysts are closely watching to see if SOL can maintain its position above $100, as a breakout above $186 could signal a new bullish phase.
As the unlocking event approaches, traders and investors will be closely monitoring SOL‘s price movements and the broader market sentiment.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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