Solana’s price could tank after validators unlock over 54 million SOL at the end of Epoch 370 on Nov. 10, 2022, at 8:30 a.m. UTC.
This unlocking, worth about $806 million at press time, represents about 15% of SOL’s circulating supply.
The significance of a Solana epoch
The number of tokens that validators will unlock, called the deactivating stake, has risen by about 4 million SOL in the last few hours.
An epoch is a group of 432,000 slots for which a validator schedule of Solana’s consensus algorithm is defined. A slot is similar to a transaction block on a blockchain like Bitcoin or Ethereum. Allowing for variation in the time to process transactions, epochs last two or three days.
When transitioning from one epoch to the next, validators can unlock SOL, and new stakers can stake SOL. Staked tokens are delegated to validators responsible for securing the network. Stakers earn rewards based on the size of their…
