Solana’s unlock event from April 2025 is actually happening today and crypto investors are on edge as four major accounts are set to release tokens worth over $200 million into the market. This event, taking place on April 4th, stands as the largest single-day unlock of staked SOL until 2028, and it’s already raising some serious concerns about potential market volatility and security risks among traders and investors alike.
$200M OF SOL UNLOCKING TOMORROW
— Arkham (@arkham) April 3, 2025
Tomorrow (4th April) marks the largest single-day unlock of staked SOL until 2028.
These 4 accounts staked a total of $37.7M of SOL in April 2021, and are up 5.5x at current prices. pic.twitter.com/qvKFWxygh9
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What Solana’s $200M Unlock Means for Market Volatility and Your Portfolio
The four accounts initially staked these tokens back in April 2021 and have seen around 5.5x returns on their investments at current market prices. Many traders and investors are keeping a close eye on this event, as the increased selling pressure could potentially impact SOL’s position as the sixth-largest cryptocurrency by market capitalization.
Breaking Down the Unlock Event
Solana’s unlock includes several significant accounts releasing varying amounts of SOL tokens into circulation. One account will release 991,079 SOL (approximately $27.32 million), another account will unlock 297,323 SOL (valued at $7.43 million), a third account will release 74,330 SOL ($1.97 million), and the fourth account will unlock 34,687 SOL ($936,720).
Stakers deposited these tokens about four years ago, and their release comes at a time when SOL trades at approximately $114-115, representing some pretty substantial profits for the original stakers.
Historical Context and Market Impact
Solana’s market volatility has been an ongoing concern during previous unlock events as well. Back in January, an anonymous crypto commentator known as artchick.eth outlined Solana’s unlock schedule through 2028, noting that at that time, the token’s inflation rate was sitting at about 4.715%.
Between January and February 2025, the market added around 13.6 million SOL tokens worth about $1.5 billion to the circulating supply. Investors acquired many of these tokens at much lower prices during FTX auctions, purchasing them at approximately $64 per token.
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Technical Analysis and Support Levels
SOL is trading at around $114.35, near a critical Fibonacci support zone between $100 and $115. This price range has historically served as strong support, potentially providing an opportunity for early accumulation.
However, if this support fails to hold, the next significant support level sits between $50 and $72 (identified as Support 2). Previous rebounds from this range have triggered substantial rallies, including a massive 2,100% increase during 2020-2021.
Analysts have also identified a critical resistance level at $186. A successful breakout above this threshold could signal the beginning of another bullish phase for SOL, despite the current unlock concerns that many traders have expressed.
Potential Risks and Investor Considerations
Solana’s security risks remain a consideration for investors beyond just the unlock event. While the network has made significant progress in addressing past stability issues, the concentration of tokens in relatively few accounts continues to raise concerns about decentralization.
The sell-off potential should be evaluated against broader market conditions as well. Cryptocurrency markets have been experiencing heightened volatility in recent weeks, with Bitcoin and also other major assets seeing significant price fluctuations almost daily.
Looking Beyond the Unlock
While today’s unlock represents a significant event in Solana’s roadmap, long-term holders will be watching how quickly these tokens move to exchanges. Not all unlocked tokens will necessarily be sold immediately, as some stakeholders may continue holding their positions.
The $200 million figure represents approximately 0.4% of Solana’s current market capitalization, which limits the potential market impact compared to larger unlock events seen in other cryptocurrencies.
Also, CoinCodex analysts say:
Solana is predicted to start the second quarter of the year with a potential increase to as high as $ 134.79, which would mark a 16.86% change compared to the current price. SOL is expected to trade between $ 122.47 on the lower end and $ 134.79 on the higher end, generating an average price of $ 129.10.
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