Solana – Analyzing its upcoming token unlocks, falling network activity, and more – BitRss

• Solana’s ecosystem is facing falling network activity and is expecting a major token unlock ahead
• SOL ($175.54)’s price is likely to fall below the $180 support zone

Solana [SOL] has faced difficulties over the last few weeks, and the recent bearishness across the market has affected the token. In fact, the altcoin’s price fell from $256 to $173 in just under a month. That’s a 32% drop, and more could be ahead for one of the market’s foremost cryptocurrencies.

FTX ($0.00)’s bankruptcy estate is scheduled to unlock 11.2 million SOL on 1 March, worth $1.4 billion, as part of FTX’s asset liquidation plan. After the exchange’s collapse in November 2022, it sold 41 million SOL to institutional investors such as Galaxy Digital, Pantera Capi…