TLDR
- The FTX estate releases 193,000 SOL tokens as part of its scheduled monthly liquidation program.
- Solana’s price shows resilience in the $157.90 zone despite recording a 3.9% daily drop.
- Technical analysts identify a consolidation phase eyeing a bullish breakout if $180 is surpassed.
The cryptocurrency market’s stability is being tested again this month. Following the confirmation this Tuesday, November 11, of the execution of a new batch of unlocks from Alameda Research and the bankrupt FTX estate, Solana’s price faces renewed pressure.
According to analyst MartyParty, this specific release involved a total of 193,000 SOL tokens, with an approximate market valuation of $30 million.
This is not an isolated move; rather, it is the latest phase of a structured vesting program that has been gradually injecting liquidity into the market since early 2024. These tokens, managed under strict bankruptcy oversight, usually end up on major centralized exchanges to generate liquidity intended for creditor repayment.
The Alameda SOL unlock undoubtedly generates uncertainty, but current volumes are consistent with previous months, such as September and October 2025, where nearly identical amounts were released.
Market Resilience and Technical Projections
It is worth noting that this month’s impact is minor compared to the massive event in March 2025, when more than 11 million tokens were released. To date, more than 8 million SOL have been released since November 2023, valued at over one billion dollars.
It is estimated that at least 5 million tokens remain locked or staked, with a monthly release schedule extending until the year 2028. Given that this Alameda SOL unlock stems from investment agreements prior to 2021, the market has largely priced in this scheduled supply increase.
The price reaction has been extremely stoic. Despite a 3.9% daily correction that took the token to trade near $157.90 at the time of writing, Solana maintains a solid market capitalization of $87.5 billion. In the last week, the asset even recorded marginal gains of 0.2%, demonstrating strength against liquidation fears.
From a technical perspective, analysis firms like CryptoPulse point out that the recent movement between $150 and $170 indicates healthy accumulation. The current structure favors consolidation between $156 and $165.
If demand manages to absorb this latest Alameda SOL unlock, a decisive breakout above $180 could reactivate bullish momentum, with clear targets at the key resistance of $195–$200.
