FTX's forced liquidation of its Solana (SOL) holdings is nearing completion, easing selling pressure on the market. The exchange's initial 55 million SOL holdings have been significantly reduced, with institutional investors like Galaxy Digital and Pantera Capital taking on a vesting schedule extending to 2029. The March 2025 unlock of 3.03 million SOL led to a 17% price drop, marking the height of the sell-off. As of December 2025, FTX's estate retains 38 million SOL and a $16.3 billion surplus, diminishing the urgency for further sales. Institutional buyers are now gradually releasing remaining tokens to prevent market disruptions. With the vesting supply nearly absorbed, Solana's price is expected to stabilize and reflect its intrinsic value rather than the effects of bankruptcy-driven sales.