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- Solana co-founder Toly urges limiting launch supply and enforcing a strict one-year unlock.
- Airdrops and fair auctions are proposed to improve token distribution and prevent early dumps.
- White Whale’s sharp crash highlights liquidity risks when early holders control large supplies.
Solana co-founder Anatoly “Toly” Yakovenko has outlined a new structure for early-stage token launches. His proposal targets the growing “Pump and Dump” culture and seeks to create a more stable market environment. He urged teams and investors to change how tokens enter circulation.
Toly said only a little over 20% of the tokens should be available on launch day. He added that investors should not access their allocations for one full year. He argued that this restriction prevents sudden selling pressure that harms new markets.
He also stated that neither teams nor investors should unlock tokens at the Token Generation Event. Instead, they should rely on airdrops for core users or conduct fair auctions. He said these methods improve distribution and reduce the risk of concentrated ownership.
Solana Sell-Off Highlights Need for Safer Models
Toly noted that the one-year unlock may appear difficult but provides stability. He explained that it gives secondary markets time to balance seller and buyer activity. He added that staking rewards help long-term holders and strengthen market confidence.
Recent events highlight why such a model may help early projects. White Whale, a Solana-based memecoin, dropped nearly 60% after its largest private holder sold $1.3 million worth of tokens. The market reacted sharply as liquidity was too thin to absorb the sale.
Rumors of a potential rug pull began to circulate throughout X. On-chain data later shows large amounts moving from the main project wallet and early investors. The selling pressure pushed prices lower and triggered panic among smaller traders who saw the sudden volatility.
The team said the crash was a “liquidity event.” They also said they were not behind the selling. They added that they conducted buybacks during the drop. The event showed how small trading ranges can collapse when a few major holders make large moves.
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Solana’s Upcoming Upgrades Reinforce the Push for Stability
Binance earlier warned that heavy dependence on large early investors can create an unstable market. When few tokens circulate but the project has a high valuation, retail traders struggle to find fair entry points. This imbalance makes long-term growth more difficult.
The action taken by Toly falls into a broader move to propel token launch standards. The advantage of limiting early supply helps with better pricing and minimizes volatility. Air Drops and auctions provide better access and ensure that any individual will not receive too much influence.
His offer is made at a time when Solana is implementing significant performance upgrades. According to analysts at Delphi Digital, the situation will continue to improve in 2026.
Among the upgrades is the so-called Alpenglow that incorporates systems titled Votor and Rotor. These elements shorten the confirmation times to 0.1-0.15 seconds, compared to 12.8 seconds. The upgrade is designed to make Solana more reliable and fast regarding the trading process.
These improvements can contribute to gaining additional users and investors. They also help Solana evolve to be more efficient and stable on the network.
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