Alameda Unlocks $30M in SOL as Price Holds Above $156
Blockchain records indicate 193,000 SOL linked to Alameda Research and FTX became unlocked on Nov. 12, representing about $30 million of potential sell-side supply. The unlock immediately raised concerns among traders about added downward pressure on Solana, but the token has so far shown resilience, trading in the high $150s and holding just above $156–158 support levels.
Market participants say the significance is twofold: unlocked tokens increase available liquidity and can weigh on price if they move to exchanges, yet the current stability suggests either absorption by buyers or a lack of immediate distribution. Short-term volatility may rise as on-chain flows and exchange deposits are monitored; investors will be watching order books and whale activity to gauge whether the unlock translates into sustained selling or a brief market shakeout.