The Solana price recently fell to less than the support level of $ 125, causing anxiety among investors and market scenes. The decrease comes amid large transactions that include portfolios linked to FTX and Alameda research.
It is believed that these moves are linked to the continuous liquidation of the assets to pay creditors. The timing of these transactions has increased the homosexuality around Solana, which increased its conflicts in the recent prices.
FTX and Alaameda research transactions contribute to low prices
On March 13, Solana Price witnessed a sharp decrease in prices, decreasing by 5 % a day. This decrease occurred after the main transfer of Solana’s symbols from Alaameda research. According to Arkham Intelligence, Alameeda has canceled $ 23 million from Sol, and distributed money through 38 different addresses. This procedure followed previous marks of a sale from the governor associated with FTX, providing concerns about the future pressure on the price of the original.
Arkham Alert: Alameeda only a non -imitated address from 23 million dollars to 38 new addresses
Stake FTX/Alameda received $ 22.9 million from the opening of Stokeing and has just distributed these funds to 37 titles I received from this address.
These addresses … pic.twitter.com/9Ewukay4na
Archham (Rechham) March 12, 2025
The market’s reaction to these movements was rapid as the bearers became cautious about the additional supply to enter the market, for fear that instability would lead to more declining measures.
Arkham Intelligence indicated that these portfolios have already distributed large quantities of distinctive SOL to different addresses, which may increase the display available on exchanges. This increased pressure has created caution among potential buyers.
Unsarbing history of the FTX Solana Assets
FTX’s involvement with Solana exceeds March 12. Since November 2023, FTX and its commercial arm, Alaameda Research, has canceled nearly 8 million Sol code, at a value of about one billion dollars. Many of these symbols have already been sold through major exchanges such as Coinbase and Binance, which contributes to the declining direction to the Solana price.
The most prominent of these events occurred in early March when FTX opened more than 3 million Sol icons, at a value of about $ 432 million.
Despite some positive momentum in the broader market at the time, the price of Solana remained defeated. This performance is delayed compared to other Altcoins, such as XRP and Ada, has emphasized the pressure that was placed on Solana through the continuous liquidation of the assets associated with FTX.
The possibility of a continued twice the Sol price
As of now, the Sol price is still under the influence of the FTX continuous liquidation process. Market participants are concerned about 5.5 million Sol symbols, currently estimated at about $ 693 million, which are still under FTX and Alameda control. These assets are still preparing to be disabled or sold, and continue the risk of additional declining pressure on the Solana price.
Although the wider market conditions are improved, such as the trend of the cooling enlargement indicated by the latest consumer and PPI price index data in the United States, Solana’s capabilities to bounce the price are limited.
As long as these assets remain in the hands of FTX and their subsidiaries, merchants are hesitant to assemble Solana, for fear of additional sales. This possible sale may prevent Solana potential sales from restoring its upward momentum in the short term.
Technical expectations for prices in Solana and market morale
From a technical perspective, Solana’s work is still under pressure. After regaining a mark of $ 131 for a short period, the Sol price has a quick reflection with the surrender of the descending feelings. Solana price has since decreased to less than $ 125 subsidies, which is now seen as a crucial level for the future price.
Technical analysis indicates that if Solana Price fails to maintain support at these levels, it may be expected to be the negative side. Some analysts refer to the Elliott wave style, indicating a possible reflection at about $ 112.
According to Crypto Cryptoub analysts, this level witnessed at $ 127 a multiple rejection, indicating that it could serve as a critical point for each of the long and short trading strategies. “Above = Longs, below = short pants,” the analyst stated, while highlighting that the standardization of prices in the graph for 4 hours is in line with the daily level, which provides a strong situation to occupy a short position.
In addition to these technical notes, another market participant, CW8900, mentioned that there is a prominent sale wall around the $ 180 price point for Solana, but a strong purchase wall in the current price range provides support.
This preparation indicates that if Solana Price is able to penetrate the falling pattern and exceed the sale wall of $ 180, it is possible that it will boost its previous height. However, until these technical levels are tested and confirming, it is possible that the declining pressure from the continuous FTX qualifiers to influence the price.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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