TLDR
- Solana (ground) fell below $ 160 for the first time in 2025, falling by more than 7% to $ 158.46
- A next FTX unlocking 11.2 million ground tokens (worth $ 1.77 billion) on 1
- The soil market capitalization has decreased by $ 10 billion, with a decrease of 35% in the last 30 days
- Pumpfun is testing new AMM liquidity pools that could potentially help recovery from soil prices
- Technical analysts suggest that soil could drop to $ 100-112 if the sales pressure continues
The Solana’s native token has had a sharp drop, lowering below $ 160 for the first time this year while the cryptocurrency market is based for a major token unlocking event.
The price movement intervenes while bankruptcy administrators are preparing to release 11.2 million soil chips, valued at around 1.77 billion dollars, of the old FTX exchange on March 1.
The price of the token fell by more than 7% to reach $ 158.46 on February 24, marking its lowest point in 2025. This represents a continuation of a downward trend which saw ground decrease by almost 13 % in last week and 35% in the last month.
Soil price
The data of market analysis platforms show that Solana’s market capitalization is currently 78 billion dollars, with an entirely diluted evaluation of $ 95 billion. The blockchain also experienced its decentralized scholarship volume (DEX) decrease by 36.7% in last week, the weekly volume now at $ 16.6 billion.
Commercial activity on derivative platforms has shown an increase in lowering feeling. According to Amberdata, exchanges of soil blocks on Deribit represented nearly 25% of all Solana option activities last week, with around 80% of these transactions concentrated in power contracts.
The next unlocking FTX tokens has created uncertainty on the market. The release of such a large number of tokens has raised concerns concerning the potential impacts on the liquidity and stability of Solana prices, because the increased offer could exert additional pressure on the value of the token.
Market analysts closely monitor key price levels. Some technical analysts suggest that if soil drops below $ 155, a new drop to the level of $ 112 could occur in the short term. More lower predictions indicate the possibility that the price fell to $ 100, even $ 79.
Liquidation data reveals a concentration of long positions between $ 120 and $ 160, which could speed up the pressure down if these positions are forced to close. Recent market movements have already sparked $ 21 million long liquidations after lower prices at $ 160.
The relative resistance index (RSI) for Solana fell to 30, indicating surveillance conditions. However, traders note that a trend reversal would require renewal of purchasing interests at current price levels.
Pump pleasure
In response to market conditions, Pumpfun, A Solara Even Coin Launchpad, announced the test of new liquidity pools of automated market manufacturer (AMM). The initiative aims to allow decentralized exchanges directly on their platform rather than relying on external exchanges.
The beta version of Pumpfun AMM is currently live, with an exchange interface for trading ground for the parts even. This development could potentially increase the activity of the network and the demand for Solana if it was successfully implemented.
Metrics in negotiation volume show that Solana’s daily volume has decreased to $ 1.5 billion. Blockchain’s overall activity measures have experienced similar declines, reflecting a broader feeling of the market.
A recent blockchain analysis indicates that the relay pirate used solana memes parts to whiten stolen funds, adding another layer of negative feeling to the ecosystem market.
The result of unlocking the FTX token remains uncertain. Market players note that if the companies that bought these tokens from the FTX bankruptcy auction choose to hold rather than sell their positions, this could help stabilize prices.
The price graphics show that Solana moves in a descending parallel channel, which generally suggests a downward momentum continues unless a clear break occurs.