Explore the impact of Solana's significant token unlocking on the market. Find out if it's a time to sell or an opportunity to buy. Understand the potential risks and benefits of entering a short position on Solana.
Recent issues in the Solana (SOL) ecosystem have created serious challenges for this network. The recent scandal related to Libra has put pressure on this top cryptocurrency due to accusations against the Argentine president, behind-the-scenes deals, and the disappearance of over $4.3 billion in less than 24 hours. In addition, unlocking a large amount of Solana tokens may increase selling pressure and worsen the digital asset’s situation. Analysts are divided on whether entering a short position on Solana is a good option. While some see potential improvements with updates like Firedancer and the possibility of launching a Solana ETF in 2025-2026, others warn of a strong bearish trend in the coming weeks.
