4 months ago 1 min read

Solana's Catastrophic 44% Drop is About to Get Worse


Solana continues to be one of the most repressed assets from the top 100 in the cryptocurrency market, despite other assets reaching their pre-FTX-drama levels. Investors in SOL are still waiting for the increase in selling pressure brought on by the unlocking of 80 million staking contracts.

A market volatility rise brought on by such a massive infusion of cash will undoubtedly push Solana farther below. Unfortunately, it seems implausible that unstaked money would just vanish into thin air. The only way to reassure the market would be to gradually inject money and see them come to fruition as opposed to throwing millions of coins into an illiquid market all at once.

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