Watch 1000 Magnesium on SOL! KOL: Can 100 million magnesium be dumped every day?

Many institutions and KOLs will publicly share their personal preferred currencies and target prices on social media platforms. As a smart contract blockchain second only to Ethereum, Solana naturally has many supporters and advocates, with most of them sharing target prices ranging from $300 to $1000.

However, according to data shared by KOL Evanss6, based on current market prices, Solana will unlock SOL tokens worth $11.74 million every day in the future.

If Solana rises to $300, it will unlock $22.44 million per day.

If Solana rises to $1000, it will unlock $74.8 million per day.

In addition, approximately 20 million SOL lock up shares belonging to investors will be unlocked by the end of 2025, which will increase daily emissions by an additional $13.2-44 million at a cost of $300 to $1000, bringing the total emissions to $35.6 million to $120 million per day.

Such large-scale emissions seem to make the target price of $300 to $1000 somewhat unrealistic.

However, Mert Mumtaz, CEO of Helius, Solana's RPC and API service platform, pointed out that Ethereum's token emissions in the first four years were higher than Solana's now, but the current coin price is still several times higher than at that time.

Evanss6 responded to this by saying:

Oh, yes, ETFUSD fell by 94% at that time, I still remember (most of it was covered)

It implies that even if SOL really has the ability to soar to $300~$1000 in the future, it will inevitably experience a sharp decline.

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(This article is authorized to be reproduced from GT Radar)

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