Ahead of Unlocking 524.03 Million Tokens, SOL Price Drops

Solana’s MACD indicator also fell from the cut line with the two lines quite far apart. With these conditions, a bearish trend for SOL tokens is in sight.

Unlock Token SOL di Oktober

The fall in Solana prices accompanies news of preparations to unlock SOL tokens this October. Reportedly, Solana will unlock up to 524.03 million tokens with a value of $81.56 million. This amount represents 0.11% of Solana’s existing supply.

The unlock value of Solana tokens may seem small compared to the total supply, but Solana’s market value will be affected. Moreover, in the same month, there will be many main tokens that will also unlock, such as ADA, ENA, SUI, ZETA, DYDX, MAV, SEI, WLD, NEAR, and AVAX. In fact, the token that will be unlocked in the next 7 days in early October is reportedly worth $735 million.

That way, Solana investors of course have to be alert to the price of Solana which could be affected by the token unlock that will be carried out later.

Conclusion

Information regarding the current decline in Solana prices has been explained above. You can do more in-depth research about Solana, starting from the current Solana price conditions, convert SOL to USD, how to buy Solana, to various news about Solana projects that are being or will be carried out only on the Bitrue website.

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