SOL recently faces a risk event that requires attention. On-chain data shows that the FTX/Alameda wallet has unstaked 195,669 SOL, worth approximately $27.98 million at current market prices. This move has sparked market concerns over potential selling pressure.

To understand the impact of this unlock, it is necessary to review the background of the FTX incident. As a former industry giant, FTX still holds a large amount of token assets after bankruptcy. Any movement of these holdings can easily trigger sensitive market reactions. The scale of nearly 200,000 SOL is enough to put pressure on liquidity.

The short-term pressure is obvious. Once such a large amount of unstaked tokens enter the market, selling pressure will inevitably increase, and the SOL price may face a certain degree of correction. Market reactions to such events are often immediate — not only will SOL come under pressure, but other related assets may also decline.

A deeper issue lies in market psychology. Any developments related to FTX will trigger risk aversion sentiment. Investors tend to associate with the bankruptcy event from that year, and this collective psychology can amplify price fluctuations. Sometimes, market reactions even exceed the actual impact based on fundamentals.

For investors holding SOL, the following strategies are recommended:

First, closely monitor price movements. If there is a significant volume-driven decline, consider reducing holdings appropriately to lock in risks. Wait until this selling pressure is digested before making long-term decisions.

Second, if considering to buy the dip in SOL, there is no need to rush. Wait for the market to find new support levels before entering, which can result in better costs. Digesting selling pressure often takes time.

Third, review your position allocation. Diversify funds across different assets rather than concentrating on a single coin. This way, even if one asset faces shocks, overall risk can be controlled.

Overall, this event reminds us that the crypto market still carries risks from legacy issues. Although the market has matured significantly, similar events can still trigger volatility. Rational responses and good risk management are the keys to long-term survival. Continuously monitoring on-chain data and market reactions will help make more timely decisions.