Solana (left) is on the agenda with the opening of the 11,16 million Left Token on March 1. This corresponds to a value exceeding $ 2 billion at existing prices. Token’s were sold as part of the bankruptcy of the FTX stock exchange. So, how can this lock opening event affect the left price?
Giant Lock Opening from FTX assets
After the bankruptcy of the FTX exchange, various investors purchased their locked left tokens below the market price. According to Messar data, FTX assets have a total of 11.2 million lefts. Most of these tokens will be released on March 1.
This lock opening corresponds to 2.2 %of Solana’s total circulating total supply. Although some analysts see the likelihood of token’s immediately sell immediately, the risk is not completely absent. Although Vaneck investor Matt Maximo states that some buyers make long -term investment plans, it is difficult to predict market behavior. Investors can try different strategies to turn this period into an opportunity.
Solana Price Analysis and Possible Scenarios
Solana is currently trading for $ 198,61. However, $ 200 failed to exceed the level of psychological resistance. In the technical analysis, SOL is observed to have consolidation at this level. After the harsh decline in February, the price is still in the process of recovery.
In the last 30 days, 2 %lost. Moreover, the peak level of the period decreased from 286 dollars to 30 %. Opening a $ 2 billion lock in March can increase this pressure further. Investors can see this event as an opportunity to realize their existing profits. This may cause sales pressure in the short term.
Critical decision time for investors
The upcoming lock opening can be an important turning point for solana investors. While some investors see this as an opportunity for risk management, others may prefer to evaluate long -term potential.
If the sales wave is limited after the lock opening, this may start a new growth period for solana. However, investors need to be careful and follow the market conditions closely. Determining the right strategy will be of great importance in the coming weeks. In the long run, Solana’s growth potential is still strongly continuing.
