Alameda Unlocks 193,000 SOL (~$30M); Market Eyes Potential Selling Pressure
The FTX estate has released 193,000 SOL — roughly $30 million at current prices — from Alameda Research under its routine monthly liquidation program. Solana is trading around $157.90 after a 3.9% one-day decline, showing short-term resilience even as the new supply hits the market. The predictable cadence of these unlocks removes some surprise, but they still add meaningful liquidity that markets must absorb.
Analysts say the immediate risk is added selling pressure if market sentiment weakens, though technicals point to a consolidation phase rather than an outright breakdown. Traders are closely watching the $180 level: a decisive move above it could flip the narrative toward a bullish breakout, while failure to absorb the inflow could extend downward pressure. Overall, the estate’s monthly releases keep market stability on notice this month.