$870M Solana Unlocks Raise Selling Risk as Price Hovers Near $85

Solana’s price has climbed about 5.5% over the past seven days and is holding near $85 after a sharp decline earlier this month. Beneath the rebound, nearly $870 million worth of SOL has moved out of liquid staking: the amount locked in liquid staking protocols fell from 45.66 million SOL to 35.48 million SOL since June 2025, meaning 10.18 million SOL has become tradable again.

Validator-staked SOL has also slipped, from 423.43 million SOL to 419.07 million SOL, indicating some tokens are leaving locked environments entirely. Previously locked supply turning liquid raises the amount of SOL that could be sold and increases potential selling pressure if market conditions weaken.

On-chain indicators point to weakening long-term conviction and growing short-term influence. The share held by short-term holders (one day to one week) rose from 4.58% to 5.85% since Feb. 16, while long-term holders’ 30-day net additions dropped from 2,877,297 SOL on Feb.

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