Tickle your nose and hold onto your hats, dear readers! In the topsy-turvy realm of cryptocurrencies, our bankrupt friend FTX is still stirring the cauldron of market misfortune. Their latest trick—poof!—186,300 SOL (worth a dazzling $21.56 million) has been unstaked. Could it vanish in a fiery sell-off? Those poor hodlers must be biting their nails like a troupe of nervous gerbils! 🤭
As if things weren’t dramatic enough, a plump batch of 73,700 SOL (a whopping $8.59 million) shall unlock on May 1, like little gremlins escaping at midnight. Will this sudden flood of Solana push the price back down to a screeching $110, or is the market simply playing peekaboo?
FTX Unstakes $21.56 Million in SOL
Our trusty blockchain detectives at Arkham noticed that FTX/Alameda unstaked 186,300 SOL, valued at a jaw-dropping $21.56 million. There it sits, currently untouched—like a gooey chocolate bar nobody dares to unwrap. Will they sell? Will they hoard? The crypto-sphere watches, wide-eyed. 👀
Meanwhile, FTX/Alameda still wields a colossal 5.36 million SOL—some $619 million worth—all snug in staked slumber. Like a sloth emerging for a snack, these tokens may eventually wake, unlock, and add to this whimsical circus.
Major Solana Token Unlock Incoming
But wait, don’t nibble your biscuits too calmly—another 73,700 SOL worth about $8.59 million is tiptoeing its way to a grand debut on May 1. Investors frown and sputter, worrying that more SOL on the market might spark a chain reaction of panic and plunging prices, somewhat akin to a runaway roller coaster.
Since Solana currently boasts the sixth-largest crypto market cap, any sudden rush of tokens fluttering about could shake its price like a rickety seesaw. 🎢
SOL Price Holds Strong at Key Support
Despite gasps and whispers, SOL clings firmly around $116, showing a cheeky 1% uptick and a colossal market worth of $60 billion. It’s been swinging downwards since March 2025—apparently it got stuck on the gravity ride! Yet the $110 level is guarding the gates like a stubborn, moustached sentinel. 🔒
If buyers troop in bravely, the next stop could be $127 this week, and maybe, just maybe, it’ll soar to $145 soon (bring your parachute, just in case!). But if the bears awaken, $110 might greet our precious SOL with a friendly thud instead.
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2025-04-11 11:08