SOL will unlock a large amount of funds on March 1, and VCs will have unrealized profits of hundreds of millions of dollars

Odaily Planet Daily News: There is still one week left before Solana's largest token unlocking in history (worth $2 billion), and 11.2 million SOL will be unlocked and circulated on March 1. Token unlocking may bring huge selling pressure to Solana, because a large part of the locked tokens were purchased at a discount at the FTX auction compared to today's price. Crypto analyst Artchick.eth said that more than 15 million SOL (about $2.5 billion) will enter circulation in the next three months, most of which will be purchased by institutions such as Galaxy Digital, Pantera Capital and Figure at $64 per SOL through the FTX auction. Galaxy still has a huge profit on the SOL purchased at $64. Similarly, cryptocurrency trader RunnerXBT mentioned that now is a "dangerous" time to buy Solana, and emphasized that once SOL is unlocked, Galaxy Digital, Pantera and Figure will receive unrealized profits of $3 billion, $1 billion and $150 million respectively. (Cointelegraph)