Solana faces renewed downside risk as fading memecoin activity, falling user engagement and continued Alameda Research token unlocks press the $140–$150 demand zone. Robust ETF inflows offer some cushion, but failure to defend $140 could open the door to a deeper correction.
The FTX estate released 193,000 SOL (about $30 million) as part of its scheduled monthly liquidation. Solana trades near $157.90 after a 3.9% drop, with traders watching for potential selling pressure.
On-chain data shows 193,000 SOL tied to Alameda and FTX was unlocked today — roughly $30 million — creating selling pressure even as SOL trades near $158. Traders are watching flows to exchanges for signs of further downside.