"Grayscale unlocking event is approaching, will Solana price collapse?"
Solana (SOL) has performed strongly recently, breaking through the $200 mark and rising 8% in the past 24 hours. This has brought SOL closer to its all-time high set in November 2024, attracting the attention of many investors. However, market experts warn that this upward trend may face huge challenges.
Solana may face potential risks brought by the "Grayscale effect". The upcoming Grayscale SOL token unlocking period (January 24 to February 2) may trigger large-scale selling pressure. Similar to the strategy of Grayscale Bitcoin Trust (GBTC), after the protection period of Grayscale for SOL ends, investors may flock to the market to sell their SOL tokens, which may cause the price to fall. Even a small-scale unlocking may have a significant impact on the market. Especially on the eve of the unlocking, a key market turning point may be ushered in.
What do you think about the future of Solana? Can this upward momentum continue? Or will we see a price correction in the short term? Stay tuned and don't miss any market trends!
