Solana Price Fears Rise as $600 Million Token Unlock Looms

Solana’s price recently tumbled to around $162, raising concerns about a deeper market correction. A looming $600 million token unlock scheduled for June and August could further fuel selling pressure. Analysts point to Solana’s dominance in DEX volume and fee generation, but the potential for increased selling from unlocked tokens weighs on the crypto landscape. Despite strong performance indicators, challenges like inflation and technical resistance pose near-term risks.