Heavy selling pressure persists in XPL as upcoming supply events

raise questions about near-term market dynamics.

Market facing persistent headwinds

Sellers outnumbered buyers by nearly 3-to-1 over the past day while trading volume declined roughly

↘11.65%

over the past 24 hours, extending a year-long trend that saw prices fall roughly

↘70.90%

over the past year.

Major supply events on horizon

The token unlock schedule

shows a public sale of approximately 1 billion XPL (roughly 40% of current circulation) occurred recently, with team and investor tokens beginning to unlock in late September, potentially releasing up to 50% of total supply.

Trading positions relatively stable

Trading positions expanded modestly with open interest rising roughly

↗3.29%

over the past 4 hours, while cumulative net selling reached approximately $314 million on spot markets.