Solana Drops 4.9% Breaking Below Key Support as Alameda Unlocks Continue

Solana, a prominent cryptocurrency in the blockchain space, has experienced a significant decline of 4.9%, causing it to fall below a crucial support level that investors have been closely monitoring. This drop in value comes amid ongoing developments related to Alameda, the trading firm that is unlocking a substantial amount of Solana tokens, which has contributed to increased selling pressure in the market. As a result, traders and analysts are now closely scrutinizing the implications of this movement and its potential impact on Solana's future performance. source: https://www.coindesk.com/markets/2025/11/12/solana-drops-4-9-breaking-below-key-support-as-alameda-unlocks-continue