Nearly $1 billion of solana is set to be unstaked in 24 hours | • CRYPTO NEWS • #BTC • #ETH •
Nearly $1 billion of solana is set to be unstaked in 24 hours
Solana validators are scheduled to unlock 49.6 million SOL ($945 million) when the current epoch ends in less than 24 hours time. Representing 13% of the coin's supply, it's the second-largest volume of tokens to be unlocked in any Solana epoch and it is coming amid a time of considerable tumult in the crypto market. An epoch refers to a number of slots (like blocks) on the chain and takes around two to three days. Data from Solana Compass shows that Epoch 370, the current Solana network epoch, is set to end at around 8.30 AM UTC on Nov. 10.
