Prepare For A Solana Sell-Off: How Grayscale’s 2025 Unlocks Could Shake The Market
Solana (SOL) surged past $200, reflecting an 8% increase in 24 hours, approaching its all-time high from November 2024. Market analysts warn of potential selling pressure due to the upcoming Grayscale SOL token unlocks between January 24 to February 2 and July 24 to August 7. The "Grayscale Effect" could lead to significant market volatility, similar to past events with the Grayscale Bitcoin Trust, where premium prices disappeared, causing market declines. Analysts note that previous unlocks resulted in a 40% price drop for SOL within ten days. Investors are advised to consider selling before the January unlock, as historical trends suggest even small unlocks can impact market behavior. Currently, SOL is priced at $205, down over 20% from its peak of $263 in November.
