The Price Movement Following Token Unlocks—such as those for Solana (SOL) and TRUMP tokens on May 24—depends on how the market reacts.

Here’s a breakdown of possible scenarios:

The price movement following token unlocks—such as those for Solana (SOL) and TRUMP tokens on May 24—depends on how the market reacts. Here’s a breakdown of possible scenarios:

📉 Reasons the Price Might Go Down

• Increased Supply = Sell Pressure: When locked tokens become available, some holders (especially those linked to FTX or TRUMP insiders) might sell immediately, increasing supply and pushing prices down.

• FTX/Alameda Liquidations (for SOL): If tokens are liquidated to repay creditors, that could trigger localized selling.

• Negative Sentiment: Traders might preemptively sell in anticipation of a "dump," driving the price down before the unlock even occurs.

Optimism in bitcoin price movements following a series of legal developments in the U.S. is largely misplaced, according to Ben Armstrong.

The crypto trader and influencer said in a recent YouTube video that while the legal cases are interesting to follow, they shouldn't be used to make short-term trading decisions.

"People are getting massively carried away with this whole legal angle on bitcoin," Armstrong said. "We've had some legal developments recently that have seen people bullish on bitcoin price action."

Specifically, Armstrong was referring to a recent ruling by a U.S. judge who shot down the Securities and Exchange Commission's bid to block an exchange-traded fund, or ETF, that would track bitcoin futures.

The ruling was seen as a setback for the SEC, which has been trying to crack down on cryptocurrencies, and it was broadly viewed by the crypto community as a positive development for the industry.

However, Armstrong argued that the ruling shouldn't necessarily be used to predict bitcoin price movements.

"I think people are reading too much into it," he said. "It's certainly interesting to follow these legal cases, but I don't think we should be making short-term trading decisions based on them."

Instead, Armstrong said that traders should focus on the broader market trends and technical indicators when making trading decisions.

"We need to be looking at the bigger picture here," he said. "What is the overall market sentiment? How are the technical indicators looking? These are the things that will ultimately determine where the price goes."

Ultimately, Armstrong said that he believes bitcoin price will continue to move higher in the long term, as more institutions and individuals invest in the cryptocurrency.

"Bitcoin is still the clear leader in this space," he said. "It's the cryptocurrency that everyone knows and trusts, and I think we'll continue to see more capital flowing into bitcoin in the years to come."

"I'm not saying that we won't see any price drops or that we shouldn't prepare for them," he added. "But I do think that the long-term trend is up, and I'm personally bullish on bitcoin."