Large Solana Unlock Creates Selling Pressure as Whales Move Tokens
A substantial unlock of Solana (SOL) generated notable selling pressure in the market. Following the recent unlock, a significant amount of tokens flowed into four notable whale wallets. The owners have sent their SOL tokens to exchanges including Coinbase and Kraken. As the unlocks continue, the expected release schedule will slow down for the remaining year, leading to potentially lower selling pressure ahead. What does this mean for Solana and its future price stability?