The time has come for one of the largest unlocks in the history of the crypto. Let's figure out what this means.

1. The scale of the events

• $1.8 billion in SOL (11.2 million tokens) will be unlocked.
• After that, only 0.3% of the unlocked supply will remain in free circulation.

2. Who owns this SOL?

• FTX Estate – they will receive these tokens.
• In May 2024, they already sold $2.6 billion of SOL, which caused the price to drop by 4% (to $169).
• Now a new drain is possible – and a similar market reaction.

3. Unblocks are running out, but there is inflation

• Current inflation is 4.7% per year.
• At current prices, this is $3.6 billion of new supply per year.
• At $270 per SOL, this figure will rise to $7.2 billion.
• But! Inflation is decreasing by 15% annually, which is gradually reducing the pressure.

What does it mean?

Short-term: increased volatility is possible, especially if FTX decides to sell aggressively.

Long-term: Solana fundamental remains strong:

• Experienced much larger sales.
• One of the best assets of this cycle.
• Huge user base and ecosystem.
• The Solana ETF is coming, and this is a new capital flow.

Conclusion

Turbulence awaits us, but globally the trend remains unchanged.