Alameda Unlocks 193K SOL ($30M), Solana Price Holds Near $158
On November 11, Alameda Research and FTX unlocked 193,000 SOL tokens (about $30 million) as part of a structured vesting schedule. Since November 2023, over 8 million SOL worth more than $1 billion has been released to repay creditors. The tokens are often sold on major exchanges, adding selling pressure. Despite these unlocks, Solana’s price showed resilience. SOL traded near $158, down 3.9% for the day, but maintained a consolidation range between $156 and $165. Analysts highlight key resistance at $195–$200 and suggest a close above $180 could trigger a bullish breakout. Scheduled monthly unlocks will continue until 2028, but much of the supply impact appears priced in. Crypto traders should watch price action around these levels for short-term entry or exit signals and monitor ongoing vesting events for potential volatility.
Neutral
The scheduled unlock of 193K SOL by Alameda Research and FTX is part of a long-term vesting plan already known to the market. Similar monthly releases since November 2023—totaling over 8 million SOL—have exerted only short-lived selling pressure. Solana’s price held above key support and remains within a defined consolidation range. While traders should watch for spikes in volatility around unlock dates, most of the supply impact appears priced in, resulting in a neutral outlook. Historical patterns show these events cause brief dips rather than sustained declines, suggesting limited long-term downside risk.