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no one’s talking about this major Solana move as investors stake 4.1m $SOL following ETF approval, price rockets await
wait, so if investors stake 4.1m SOL and the price defends $180, are we heading to the moon or what 🚀
Investors leveraging the SEC-approved ETF redemptions in kind for Solana tokens may trigger a positive feedback loop, bolstering Sol’s price through reduced
Key notes:
– SEC approved redemptions in kind for a cryptographic ETF on July 29. 🔄
– Total Sol supply increased by 1% to 401.9 million tokens in 24 hours, signaling reduced selling pressure. 💰
– Sol’s price hovered around $178, potentially rallying to $202 if defended successfully. 📈
Solana Investors reacted positively to the ETF rule change, staking 4.1 million Sol in a day. This could lead to price rebounds as supply on exchanges decreases. 🚀
Solana Bulls Play 4.1m Sol As Price holds $ 180 of approval post-ETF: What is the next step?
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