What should I do if SOL is stuck at a high position?

‌Big is coming!!!

Huge pump!!!

11.2 million SOL unlocked, is it going to plummet?

On March 1, the Solana (SOL) market will usher in a major earthquake! According to the latest news, 11.2 million SOL (worth about $2.06 billion) will be unlocked from the FTX bankruptcy auction. Many investors and analysts have begun to speculate on the impact of this "SOL flood" on the price of SOL.
Looking back at the three SOL auctions of FTX, a total of 41 million SOL were sold. In this liquidation drama, several large institutional investors became the biggest winners. Galaxy Digital spent a lot of money to purchase 25.52 million SOL at a price of $64 per coin. Now, at the current price, its return rate has reached 187%! Not to be outdone, Pantera Capital and other companies purchased 13.67 million SOL at a price of $95, with an equally amazing return rate of 93%. Figure and other buyers bought 1.8 million SOL at $102, with a return rate of 80%.

With the unlocking of these 11.2 million SOL, the market began to be filled with concerns about selling. After all, such a large amount of SOL pouring into the market will undoubtedly have a certain impact on the price. Investors began to speculate whether this "SOL flood" will lead to large price fluctuations? Will it break the current market balance?

Although the concerns about selling do exist, the fundamentals and future development potential of SOL cannot be ignored. As a fast, scalable, and low-cost blockchain platform, Solana still has broad prospects in the field of decentralized applications (dApp). Therefore, in the face of this "SOL flood", we must rationally analyze market dynamics and make the most sensible investment decisions.

The SOL unlocking on March 1 will undoubtedly bring a big test to the Solana market. Is it an opportunity or a challenge? Let's wait and see!

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