The biggest narrative about SOL~the expected approval of spot ETF. In fact, SOL is basically fully circulated, and its market circulation rate is 80.15%. Before the approval of SOL spot ETF, you have the opportunity to speculate and make profits. You just need to remember to buy at a low price and sell it to lock in profits when the spot ETF is approved.
In fact, when will the SOL bought cheaply by institutions that were liquidated and sold by FTX be unlocked?
According to Neptune Digital, which bought 26,964 SOLs, 20% of the tokens will be unlocked in March 2025, and the remaining tokens will be unlocked linearly every month until 2028.
In other words, these institutions will not be able to sell their tokens in nearly a year, and it will take four years to fully unlock them. However, since their entry cost is very low, will they choose to exit with profits or continue to wait for higher prices? It remains to be observed, so it will not cause any impact on the market.
