Many institutions and KOLs publicly share their personal favorite cryptocurrencies and target prices on social media platforms. As the second-largest smart contract public chain after Ethereum, Solana naturally has many supporters and pumpers, most of whom share target prices ranging from $300 to $1,000.
However, according to data shared by KOL Evanss6, based on the current market price, Solana will unlock $11.74 million worth of SOL tokens every day in the future.
- If Solana rises to $300, it will unlock $22.44 million per day.
- If Solana rises to $1,000, it will unlock $74.8 million per day.
Additionally, there are about 20 million SOL tokens belonging to investors that will be unlocked before the end of 2025, which will further increase the daily issuance by $13.2-$44 million in the case of $300 - $1,000, bringing the total daily issuance to $35.6 million - $120 million.
Such a large-scale issuance seems to make the target price of $300 to $1,000 somewhat unrealistic.
However, Mert Mumtaz, the CEO of Solana's RPC and API service platform Helius, pointed out that Ethereum's token issuance volume in the first four years was even higher than Solana's current level, but its current price is still several times higher than that time.
In response, Evanss6 replied:
"Oh yes, ETFUSD plunged 94% at the time, and I still remember (most of them were trapped)."
Implying that even if SOL is able to soar to $300-$1,000 in the future, it will inevitably experience a sharp correction.
