Solana Price Forecast: DTCC lists first SOL futures ETF, will it avert $130 breakdown?


Solana (SOL) has been struggling since reaching its all-time high of $295 in January. Recent price declines have been driven by multiple factors, including broader market weakness, whale sell-offs, and concerns over an upcoming FTX token unlock.

Key Factors Behind Solana’s Decline


  • Bitcoin’s Drop: The overall crypto market has been under pressure, with Bitcoin falling 11% in 24 hours, dragging down altcoins like Solana.


  • Whale Sell-Offs: Crypto analyst Ali Martinez reported that 135 large holders (whales with over 10,000 SOL) have either sold or redistributed their holdings in the past month.
  • FTX Token Unlock: On March 1, 2025, FTX will release 11.2 million SOL (worth nearly $2 billion) into the market. This represents 2.4% of Solana’s circulating supply, raising fears of additional selling pressure.
  • Venture Capital Liquidations: Major firms like Galaxy Digital, Pantera Capital, and Figure hold large unrealized gains in SOL, and speculation is rising that they may also sell portions of their holdings.
Read SOL Price Prediction for 2025, 2026 till 2030 

Impact of Meme Coin Scandals

  • Solana has faced reputation damage due to recent meme coin pump-and-dump schemes.
  • The LIBRA token controversy, involving insider trading allegations, has further shaken investor trust.
  • Glassnode data shows a 60% drop in active addresses, falling from 18.5 million in October to 7.3 million today.

Solana Futures ETFs Bring Optimism


  • The Depository Trust & Clearing Corporation (DTCC) recently listed two Solana futures ETFs:
    • Volatility Shares 2x Solana ETF (SOLT)
    • Volatility Shares Solana ETF (SOLZ)
  • These ETFs could boost institutional adoption, but regulatory uncertainty remains as they have yet to receive full SEC approval.
Also Read: IOTA Price Prediction 2025, 2026 – 2030: Will MIOTA Price Achieve $1?

What’s Next for Solana?

  • Analysts at XBT Research suggest that past unlocks showed holding behavior, but the scale of this unlock could increase short-term selling pressure.
  • Some traders see this as a buy-the-dip opportunity, believing Solana is nearing a capitulation phase after months of strong performance.
  • Key support levels to watch are $135 and below, as selling pressure could intensify if confidence weakens further.

For now, all eyes remain on March 1, as the FTX token unlock will likely determine the next major move for Solana.

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