PANews reported on February 24 that, according to Cointelegraph, Wintermute withdrew $38.2 million worth of SOL from Binance in the past 24 hours, raising concerns about worsening market sentiment and selling pressure. Data shows that Solana is expected to have 11.2 million SOL unlocked for circulation on March 1, and with about a week left until the unlock, the SOL price has been under pressure, falling more than 7.5% in the past 24 hours to a low of $155 in over three months. Some crypto industry observers are concerned that the token unlock could put huge selling pressure on Solana, as a large portion of the locked supply was purchased at prices below the current market price in the FTX auction.