Solana Faces $59M Token Unlock – Will It Impact the Price?

$486 Million in Token Unlocks Between March 17-24 According to Tokenomist, the crypto market will experience $486 million worth of token unlocks between March 17 and March 24. The most significant among them is Solana (SOL), which is set to unlock approximately $59 million worth of tokens. 📊 Token unlocks can increase selling pressure, but historical data suggests that Solana’s market impact may not be significant. Other Major Token Unlocks This Week In addition to Solana, several other major assets are scheduled for unlocking, including both cliff and linear unlocks: 🔹 ZKJ – $31.83 million

🔹 QAI – $41.64 million

🔹 FTN – $79.8 million

📢 Other notable tokens set for linear unlocking include:

✅ WLD – $31.82 million

✅ TIA – $23.80 million

✅ DOGE – $16.60 million

While these figures may seem substantial, many of these unlocks have already been factored into market expectations, potentially reducing their immediate impact on prices.

Solana Struggles With a Bearish Trend and Strong Resistance 📉 SOL remains in a downtrend, still unable to break through the key resistance zone of $140–$150.

🔹 The 200-day moving average continues to act as a strong barrier, preventing a sustained breakout.

🔹 Bullish momentum is still weak, suggesting that SOL may continue to decline. Will the Token Unlock Impact Solana’s Price? 💡 Large token unlocks don’t always result in price drops, but they can trigger short-term volatility. 📊 If demand remains strong, the market can typically absorb the selling pressure. ❌ However, given Solana’s current bearish trend, even a slight increase in supply could contribute to further price declines. 📉 If SOL fails to reclaim the $150 level, it could decline toward $120 or even lower. Solana’s Historical Resilience to Token Unlocks ✅ Solana has historically handled token unlocks without major losses, thanks to its strong liquidity. ⚠️ However, this time, the broader market structure appears weaker, meaning the unlock could amplify bearish sentiment. 👉 Will Solana withstand the selling pressure, or is another price drop inevitable? 🔥

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