Solana Plummets to Yearly Low Below $150 Amidst Token Unlock Fears

Solana Prices Plummet Below $150, Reaching Yearly Low

Solana prices experienced a significant drop, falling close to 20% in under 24 hours to reach their lowest point in 2025. The native digital asset of the high-performance Solana platform broke through the $150.00 level on Monday, February 24, and extended losses as multiple bearish developments combined to fuel declines.

The native digital asset of the high-performance Solana platform reached as little as $137.77 near 6 p.m. EST, according to Coinbase data from TradingView. At this point, it had lost close to 20% in under 24 hours, after rising to nearly $170.00 the night before, additional Coinbase figures from TradingView show.

Analysts cited a range of different variables when explaining why Solana lost value. Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, attributed the recent price drop below $150 to several factors, including the upcoming March 1st token unlock, which will release around 11.2 million SOL tokens, increasing selling pressure. These digital assets will be unlocked in relation to the bankruptcy proceedings for fallen exchange FTX, which collapsed in late 2022. Smaller amounts of these tokens will be unlocked on April 1 (12,700 units) and May 1 (73,700 units), creating additional downward pressure.

Alex Lin, cofounder and general partner at venture capital firm Reforge, also commented on these developments, stating that a looming token unlock event of ~11mn SOL tokens, valued at $1-2bn (depending on SOL price) is scheduled for Mar 1, 2025. This anticipated increase in supply, along with future unlocks in April and May (albeit smaller), may be prompting the market to sell preemptively, fearing dilution and downward pressure on SOL’s value.

Several market observers emphasized the sharp decline in activity that the Solana network has suffered recently. Armando Aguilar, an independent cryptocurrency analyst, weighed in on this situation, providing his input through email. On-chain evidence suggests the declining active daily addresses show an exodus of activity from users. According to data