Could the final floor version 11.2 million trigger another crash of the cryptography market?

A major event is expected to disrupt the Solana (ground) market on March 1, when 11.2 million soils – worth around 2.06 billion dollars – will be unlocked from the FTX auction. This marks the last stage of the liquidation by FTX of its soil participations, after the sale of 41 million soil during the previous auctions.

But with such a massive amount of tokens about to hit the market, what could that mean for the soil price?

Let’s dive and explore what is really at stake for Solana.

Who bought the ground and what’s at stake?

During previous auctions, several large institutional players bought large quantities of soil at different prices. Galaxy Digital was the largest buyer, buying 25.52 million soils at $ 64 per token, which has already won them a huge yield of 187% depending on the current prices.

Pantera Capital and others bought 13.67 million soil at $ 95, seeing a yield of 93%, while the figure and additional buyers acquired 1.8 million soil at $ 102, which gives them a return on 80%.

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How will the market react?

Unlocking such a large amount of soil raises concerns about potential sales, which could cause price volatility. Investors will wait until these institutions decide to withdraw their important profits or keep their assets in anticipation of new gains. If a large part of this offer strikes the market, the soil price could face downward pressure.

Despite the concerns of the sale, analysts believe that the risk is low, as many investors plan to contain long -term gains. Investors are advised to carefully monitor the situation. However, given the solid institutional support and continuous growth of Solana in cryptographic space, some analysts think that these companies can choose to keep, to reduce the risk of losses.

Instant of the current Solana market

Solana (Sol) recently dropped the price after a gathering, and it is currently testing the level of support of $ 180. Although it is down approximately 6.6%, there are signs that the sales pressure is released. If the price reaches $ 182 at $ 179, it could bounce back, but if it breaks down below $ 175, the trend could change. Crypto analysts recommend waiting to buy until the price exceeds $ 187, but those looking for short -term gains can try to buy at lower levels with caution. Overall, the market is a bit unstable at the moment, so it is important to carefully manage risks.

With the high issues and the market on the edge, March 1 could be the tipping point for the next major Solana movement. Let’s see how it goes.