$200M Solana Unlock Set for April 2025

Key Takeaways
- On April 4, 2025, Solana (SOL) tokens worth USD 200 million will be unlocked.
- Four major investors (so-called “whales”) will gain access to their staked tokens from 2021.
- Market sentiment is currently negative, indicating potential for further selling pressure.
- The price of SOL has dropped 13% over the past seven days, while trading volume has increased.
- A further decline to as low as USD 85 is possible if the selling pressure continues.
What Does the Token Unlock Mean for Solana?
On April 4, 2025, one of the largest token unlocks in Solana’s history is set to occur. SOL tokens worth approximately USD 200 million will be released. These tokens originate from staking agreements made in April 2021. Four wallets—each holding between 0.1% and 1% of the total SOL supply—will gain access to their staked tokens. Each of these investors initially invested around USD 37.7 million in SOL. Their returns now stand at 5.5 times their original investment.
Why Is This Relevant to You?
Such a token unlock can significantly impact the market. When large quantities of tokens become available at once, supply increases. Without corresponding demand, this can lead to a price drop. In an already weak market environment like the current one, the risk is especially high.
Market Situation: Weak Demand, Falling Prices
Market sentiment is clearly bearish at the moment. Over the past 30 days, SOL has lost about 17.8% of its value. In the last 24 hours alone, the price dropped another 1.69%. Particularly concerning: the price has fallen below a key support level at USD 128. This level had previously served as a springboard for price increases.
Transaction Data Shows Declining Interest
A look at blockchain data confirms the negative sentiment. The number of daily transactions has fallen from 91.4 million (on April 1) to 72.9 million. This decline suggests that many users are selling their tokens or withdrawing from the network. Trading volume on decentralized exchanges has also increased—another sign of selling pressure.
What’s Next for the SOL Price?
Technical analysis indicates that the next relevant support area lies around USD 100.34. If this level also fails to hold, the price could fall further to around USD 85. Selling pressure is currently high and is supported by the increased trading volume. This suggests a strong selling trend that may not be short-term.
Our Assessment
If you are invested in Solana or considering entering the market, you should closely monitor current developments. The upcoming USD 200 million token unlock comes at a time when the market is already weak. The combination of falling prices, negative sentiment, and increased liquidity due to the unlock raises the risk of further losses. An entry may be worthwhile if the price stabilizes at a new support level—but for now, caution is advised.
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Sources
- Arkham Intelligence
- Artemis
- TradingView