SOL received a large unlocking on March 1st, with VC unrealized profits reaching hundreds of millions of dollars

Odaily Planet Daily News: Currently, there is still one week left until Solana's largest ever token unlocking (worth $2 billion), with 11.2 million SOL unlocking tokens in circulation on March 1st. Token unlocking may bring significant selling pressure to Solana, as a large portion of the locked tokens were purchased at discounted prices at FTX auctions compared to today's prices. Crypto analyst Artchick. eth stated that over 15 million SOLs (approximately $2.5 billion) will enter circulation in the next three months, with the majority being purchased by institutions such as Galaxy Digital, Pantera Capital, and Figure through FTX auctions for $64 per SOL. The SOL purchased by Galaxy for $64 still has substantial profits. Similarly, cryptocurrency trader RunerXBT mentioned that now is a "dangerous" time to buy Solana and emphasized that once SOL is unlocked, Galaxy Digital, Pantera, and Figure will each receive unrealized profits of $3 billion, $1 billion, and $150 million, respectively. （Cointelegraph）