A new wave of sales may be waiting for Solana (SOL), which has experienced a great decline after the FTX crisis. Data shows that 18 million SOLs will be withdrawn from staking platforms in the near future.
According to data shared by on-chain analytics platform Lookonchain, large Solana whales are preparing to withdraw their staked SOL assets. According to the data examined at the time of writing the news, it will be unlocked after 21 hours. 49 million SOL ($980 million) exists.
Staked on decentralized platforms with Epoch protocol SOL assets Deposits and withdrawals can be made at certain times. Unlike the normal staking method, Epoch 2 day periods allows transactions with
Data provided by Solana Compass shows that SOL whales with significant investments are moving to withdraw their investments before the next staking period. While SOL, which fell into a vacuum with the FTX crisis, continues to lose value, $980 million Selling the asset to the markets may trigger the continuation of the decline.
Staked assets seem to be the long-term guarantee of many trusted projects. However, the apparent exit demand of users who lost confidence in their investments after the recent crises reveals the seriousness of investor anxiety about the future of many projects, especially SOL.