Alameda Unlocks $30M in SOL, Market Braces for Potential Selling Pressure
The FTX estate released 193,000 SOL tokens, valued at approximately $30 million, as part of its structured monthly liquidation program under bankruptcy oversight. Despite this, Solana's price, at $157.90 following a 3.9% daily drop, shows resilience with a stable market capitalization of $87.5 billion. Analysts note healthy accumulation in the $150-$170 range, and a potential bullish breakout beyond $180 could target resistance levels at $195–$200. Over 8 million SOL tokens have been released since November 2023, with a monthly schedule extending to 2028 to repay creditors. The market largely anticipates these unlocks, reducing volatility concerns.
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FTX Estate Liquidation and its Impact on Solana
The FTX estate has released 193,000 SOL tokens as part of its scheduled monthly liquidation program. Despite this, Solana’s price has shown resilience, maintaining the $157.90 zone, even after a 3.9% daily drop. Technical analysts have identified a period of consolidation, with a potential bullish breakout if the price surpasses $180.
Analysis of the SOL Token Release
The release, confirmed on Tuesday, November 11, involved a total of 193,000 SOL tokens valued at approximately $30 million, according to analyst MartyParty. This release is part of a structured vesting program injecting liquidity into the market since early 2024. Overseen under strict bankruptcy protocols, these tokens typically go to major centralized exchanges to generate liquidity for creditor repayment.
Context and Historical Comparison
This release is consistent with recent months, like September and October 2025, which also saw similar amounts. The March 2025 event, however, involved a massive release of 11 million tokens, causing far greater market impact. As of now, over 8 million SOL tokens have been unlocked since November 2023, with a cumulative value exceeding $1 billion. An estimated 5 million tokens remain locked or staked, with monthly releases scheduled until 2028.
Market Stability Amid Liquidity Pressures
Despite the ongoing releases, the market has largely priced in the impact of this scheduled supply increase, which stems from pre-2021 investment agreements. Solana's price has remained stoic, trading near $157.90 after the release. The token’s market capitalization remains a strong $87.5 billion, and even recorded a marginal 0.2% gain over the past week, highlighting its resilience against fears of liquidation.
Technical Outlook and Projections
According to CryptoPulse, the price movement between $150 and $170 signifies healthy accumulation. The current pattern suggests consolidation in the $156 to $165 range. If demand can absorb the latest Alameda SOL unlock, a decisive breakout above $180 may energize bullish momentum. Analysts set $195–$200 as key resistance levels for potential upward movements.