The cryptocurrency market is grappling with bearish sentiment amidst economic uncertainty, and the bankrupt crypto exchange FTX continues to impact trading activity. The latest move from FTX saw them unstake a substantial amount of Solana (SOL), worth roughly $21.56 million, causing concerns about a potential sell-off in the digital asset. Blockchain analytics platform Arkham reports on this activity, highlighting that FTX/Alameda unstaked 186,300 SOL from their staked account. This action, while not finalized, suggests a possible Solana sale, leaving market participants uncertain of the exchange’s intentions. On May 1, another major unlock is scheduled to release over 73,700 SOL tokens, potentially adding to existing selling pressure. This upcoming unlock has ignited anxieties among investors who fear it could trigger price volatility in the Solana coin. With Solana currently holding the sixth-largest market capitalization, even a modest increase in supply availability could significantly influence its trading dynamics. Despite recent uncertainty, the price of SOL remains relatively stable around $116, exhibiting a 1% gain over the past day and achieving a total market cap of $60 billion. The price has been trending downwards since March 2023, however, it holds firm at crucial support level of $110, potentially acting as a rebound point if buying activity increases. If buyers make their presence known, SOL could first rise to $127 this week and then continue to climb towards $145 in the future. On the other hand, a surge in selling pressure could push SOL down to $110 or lower.