Solana's price has seen significant growth, rallying from $8 to nearly $300 in 18 months. Some asset managers predict it could reach $750 by the end of the cycle. Crypto trader Bob Loukas forecasts a $600 price in two months. Solana is noted for being faster and cheaper than Ethereum, with potential to surpass it by 2025. However, an upcoming unlock of 14M SOL tokens, worth $2.5 billion, could impact sentiment. The unlock will occur between February and April, with 9.7M tokens released in March. Despite concerns, the tokens will be sold gradually. Whales have reduced their exposure in the Futures market, indicating possible muted price action. A decline in whale activity often correlates with price pullbacks. Large players have also been booking profits after recent price increases.

Undoubtedly, Solana [SOL] has been this cycle’s highlight, fronting a 13x after rallying from $8 to nearly $300 in a record 18 months. In fact, some asset managers, like Bitwise, have projected the altcoin could top $750 by the end of the cycle. That’s not all though. Bob Loukas, a renowned crypto trader, has joined the fray with a bold prediction of $600 in two months. For context, Solana is now the fastest and cheapest blockchain, compared to Ethereum. It has eclipsed Ethereum on key fronts apart from TVL (total value locked) – A trend that Delphi Digital believes could make it flip ETH in 2025. Another milestone confirmed the chain’s traction – Outpacing Ethereum’s monthly stablecoin growth. Solana’s $2.5 billion unlockHowever, the Solana community might face a hard time ahead of the upcoming unlock. Between February and April, over 14M SOL tokens will be unlocked. In March, 9.7M SOL tokens, worth $2.5 billion, will be released to the supply. And, the sentiment might be negatively affected. One user stated, One of the top SOL supporters, Gumshoe, reiterated the same outlook and castigated the ‘influencers’ calling for a $1k cycle top. He said, However, the analyst added that the unlocks (2.7% of supply) will be sold over time and not immediately. In the meantime, whales have trimmed their exposure in the Futures market – Signaling a likely muted price action over the weekend. This was illustrated by the declining Whale vs. Retail delta (dropping green bars). In most cases, a fall in whale exposure (red) has always correlated with SOL’s price pullbacks. Additionally, there seemed to be a spike in distribution, further reinforcing that large players booked profits from the latest jump to the $295-level.

Solana's Price Projection Amid Upcoming Token Unlock