Solana Price Plunges as 11.2 Million SOL Unlock Looms

Solana’s price has experienced a significant downturn, plummeting to its lowest point since November. This decline is driven by increasing selling pressure ahead of the highly anticipated token unlock scheduled for March 1st, which will release approximately 11.2 million SOL into circulation. As of now, Solana (SOL) trades at $135, marking a 15% drop in just one day and a 17% decrease on a weekly basis. Crypto market data reveals the price decline to be particularly steep compared to its monthly trend, which has seen an overall fall of 56%. }