The largest unlocking in SOL's history is approaching, with multiple venture capitalists holding billions of dollars in unrealized profits

BlockBeats news, on February 24th, according to Cointelegraph, cryptocurrency market maker Wintermute has withdrawn $38.2 million worth of SOL from Binance in the past 24 hours, and is currently one week away from Solana's largest token unlocking in history (worth $2 billion). On March 1st, there will be 11.2 million SOL unlocked for circulation. SOL prices have been under pressure recently, falling over 7.5% in the past 24 hours to a nearly three-month low of $155. Cryptocurrency analyst Artchick. eth said, "Over 15 million SOLs (approximately $2.5 billion) will enter circulation in the next three months, most of which will be purchased by institutions such as Galaxy Digital, Pantera Capital, and Figure through FTX auctions for $64 per SOL. The SOLs purchased by Galaxy for $64 still have substantial profits Trader RunerXBT pointed out that Galaxy Digital, Pantera, and Figure hold unrealized profits of $3 billion, $1 billion, and $150 million respectively on SOL. The market speculates that these institutions may sell their positions, and the recent LIBRA meme coin scam endorsed by Argentine President Millet has exacerbated market panic