On April 4, Solana will experience its largest one-day unlock, with four whales poised to release tokens worth $200 million. This may increase SOL’s supply, further pressuring prices due to diminished market demand.
Current market conditions indicate a bearish trend, with SOL’s value dropping by 1.69% within 24 hours and experiencing a significant decline in transaction volume, suggesting a lack of investor confidence.
Without sufficient demand, SOL could descend further below critical support levels, projected to possibly reach $100. Consequently, selling pressures remain high amid decreasing engagement from market participants.
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