Solana Faces Market Pressure as FTX/Alameda Transfers Billions in SOL Tokens

• FTX/Alameda Research made an unstaking transaction of 3.03 million SOL tokens worth $432.5 million which created market uncertainty regarding potential sell-offs and their effect on prices.
• The market capitalization of Solana decreased by 19.16% to reach $69.58 billion and the trading volume registered a 23.37% decline. 

• 11.2 million SOL tokens will undergo future release in March 2025, which adds market unpredictability to future SOL price actions.

FTX/Alameda Research unstaked 3.03 million Solana (SOL) tokens valued at approximately $432.5. The 37 different wallets received these tokens because their owners intended to place them on major cryptocurrency exchange platforms such as Binance and Coinbase.

Since November 2023, FTX/Alameda has conducted its largest SOL unstaking operation through this move. Market price uncertainty rises because 11.2 million SOL tokens are planned for release in March 2025.

FTX/Alameda’s SOL Transfers Approach $1 Billion

Major exchanges received $986 million from FTX/Alameda when the organization removed 7.83 million SOL from staking between November 2023 and the present. Large mass movements have induced price fluctuations on Solana while individual unstaking activities from these events generate market effects. These successive Solana transfers show an organized sell-off strategy, thus creating market instability because investors become hesitant because of potential selling pressure.

At this time the cost of Solana fell by 19.46% to the market rate of $140.88. The market uncertainty continues to rise, which results in SOL prices trading between $178.63 and $139.43. The cryptocurrency market decline alongside FTX/Alameda’s unstaking procedure created more downward pressure on SOL’s market value.

Market Capitalization and Liquidity Decline

Solana experienced a 19.16% reduction in market capitalization which reduced it to $69.58 billion alongside a trading volume decline of 23.37%. The market figures coupled with the reduced activity levels indicate a deterioration of market liquidity. Solana’s Fully Diluted Valuation (FDV) demonstrates $81.56 billion resilience despite the negative market trends.

Solana’s price may face additional volatility because FTX/Alameda keeps making token movements. Investors closely monitor Solana markets as the platform plans another important release in March 2025. SOL tokens will probably experience more market volatility because of present sell-offs together with present market conditions during the upcoming months.