Daily News | SOL Will Usher In The Largest-scale Unlocking In History, Will $2 Billion SOL Impact The Market?

Crypto Daily Digest: The largest unlocking in SOL history is approaching, Strategy announced that it will increase its holdings of BTC by another $2 billion

According to Farside Investors data, the U.S. Bitcoin spot ETF had a net outflow of $519 million yesterday, of which Fidelity FBTC had an outflow of $247 million and BlackRock IBIT had an outflow of $159 million. Ethereum spot ETF had an outflow of $79.4 million, of which BlackRock ETHA had an outflow of $49.5 million, Grayscale ETHE had an outflow of $15.4 million, and Bitwise ETHW had an outflow of $9.7 million. Since 2025, the inflows of BTC and ETH ETFs have slowed down week by week, and the BTC ETF has had a net outflow of more than $500 million for two consecutive weeks, indicating a weak market outlook.

The largest unlocking in SOL history is approaching, and many VCs hold billions of dollars in unrealized profits

According to Cointelegraph, crypto market maker Wintermute has withdrawn $38.2 million worth of SOL from CEX in the past 24 hours. There is still one week left before Solana‘s largest token unlocking in history (worth $2 billion), with 11.2 million SOL unlocked for circulation on March 1. SOL prices have been under pressure recently, falling more than 15% in the past 24 hours to a nearly three-month low of $140.

Crypto analyst Artchick.eth said, “More than 15 million SOL (about $2.5 billion) will enter circulation in the next three months, most of which will be purchased by institutions such as Galaxy Digital, Pantera Capital and Figure through FTX auctions at $64 per SOL, and many VCs will still make huge profits.”

Trader RunnerXBT pointed out that “Galaxy Digital, Pantera, and Figure hold unrealized profits of $3 billion, $1 billion, and $150 million on SOL, respectively. The market speculates that these institutions may sell their positions, and the recent LIBRA meme coin scam endorsed by Argentine President Milley has exacerbated market panic.”

Bernstein: Liquidity will flow back from meme to DeFi, GameFi and NFT, optimistic about stablecoins and RWA

Crypto research firm Bernstein released an analysis report stating that “previously, the crypto market was forced to turn to “useless” meme coins to avoid regulatory crackdowns on utility tokens and NFT projects, but as the Trump administration relaxes regulations, analysts expect liquidity to return to utility-driven tracks such as DeFi (decentralized finance), GameFi and NFT.”

“Stablecoins and real-world asset tokenization (RWA) are another focus, especially with the expected implementation of the regulatory framework for stablecoins and digital asset securities. Stablecoins will first affect cross-border B2B payments, interbank settlements and remittances. As the regulation of crypto-asset securities becomes clearer, the tokenization of equity and debt will open up new paths for corporate financing, and the demand for stablecoins as settlement currencies will also grow. It is expected that stablecoins will expand the potential market for trading platforms and brokers - the listing of tokenized equity will drive trading volume growth, and the demand for stablecoins will increase the platform’s float income. “

Strategy increased its holdings by 20,356 Bitcoins at an average price of $97,514

Last night, Strategy (formerly MicroStrategy) increased its holdings of 20,356 bitcoins at an average price of $97,514, spending about $2 billion. Earlier, Strategy founder Michael Saylor said in a post that Strategy had completed the issuance of $2 billion in convertible notes with a coupon rate of 0%, a premium of 35%, and an implied exercise price of about $433.43.

The convertible notes are senior, unsecured obligations of Strategy. No periodic interest is payable on the notes, and principal of the notes does not accrue. The notes mature on March 1, 2030, unless earlier repurchased, redeemed or converted. Prior to December 3, 2029, holders will have the right to convert their notes into shares only upon the occurrence of certain events. Strategy intends to use the net proceeds from the offering for general corporate purposes, including the purchase of bitcoin and for working capital.

Market Trends: KAITO price performed strongly, SOL fell more than 50% from its historical high

Market Hotspots

New coin IP rose against the trend. In the middle of this month, IP tokens rose nearly 6 times in 4 days, and the market funds were squeezed out. IP tokens are the native tokens of the Layer1 blockchain Story Protocol, which are used for on-chain transactions, security and governance. The current circulation market cap of IP is $1.2 billion, ranking 63rd in the entire market. Most of the trading volume of IP is in contract transactions, which is more at risk of being manipulated by funds;

The new coin KAITO performed relatively strongly, hitting a high of $2 for several consecutive days, and remained stable at around $1.65 despite a sharp correction in the market. Kaito AI launched three levels of social cards, and users need to stake a certain amount of KAITO tokens to obtain the corresponding card level, which to some extent stimulated the buying of KAITO tokens.

Mainstream Coins

BTC ended its shock and fell sharply to below $91,000. In the past two months, BTC fell to this area many times and then rebounded. Today’s AHR 999 index is 1.02, indicating that BTC is currently suitable for long-termists to invest in fixed-term investments;

ETH fell below the $2,500 mark, following the broader market’s decline;

Altcoins generally fell, SOL fell below $140, down more than 50% from its historical high. The enthusiasm for meme concepts is fading, and the market has entered a period of market recovery.

Macro News: US stocks generally fell, and inflation is expected to continue to be higher than the Fed’s target

The three major U.S. stock indexes fluctuated, with the S&P 500 falling 0.50% to 5,983.25 points, the Dow Jones Industrial Average rising 0.08% to 43,461.21 points, and the Nasdaq falling 1.21% to 19,286.92 points. The benchmark 10-year Treasury yield was 4.40%, and the 2-year Treasury yield, which is most sensitive to the Fed’s policy rate, was 4.13%.

Stifel, a well-known US investment bank, warned that the United States is likely to experience the worst economic situation in 2025, and in this case, the US stock market may plummet. In his latest report, Stifel’s chief equity strategist Barry Bannister predicted that the S&P 500 index will close at around 5,500 points at the end of 2025. This means that the index will fall by about 10% from its current level. Bannister said that the US economy is likely to enter a period of mild stagflation in the second half of this year. Trump’s tariff plan may pass on price increases to consumers.

Other Stifel analysts said in a note that they expect core personal consumption expenditures inflation, the Fed’s preferred inflation measure, to “stalle” around 2.75% in 2025, above the Fed’s 2% target. Bannister warned that high inflation could prevent the Fed from cutting rates. He does not expect the Fed to cut rates further this year.