man,
$SOL is really getting hammered lately, saw it crash from $81 down to $62 in just a single week. feels like everyone's just hitting the sell button across the board, total risk-off mode for the whole market, not just
$SOL . even
$BTC and
$ETH are feeling the pinch right now.
and to pile on, this isn't just typical selling pressure. we're about to see a huge unlock of 624,666
$SOL tokens hit the market, which is like $38 million in new supply. ngl, that's a lot of fresh tokens potentially ready to be dumped, adding some serious headwinds to an already rough period.
the timing for this couldn't be worse, honestly. with the current macro situation, a big layer-1 like
$SOL really doesn't need this extra supply right now, especially when sentiment is so fragile.
#solana #cryptounlocks #marketcrash #degentrading