Solana is confidently moving towards becoming one of the leading blockchains alongside Bitcoin and Ethereum, potentially fueling SOL's growth.
We’ve gathered three key updates on Solana:
1. Unlocking 11.2 million SOL
On 01.03.2025, 11.2 million SOL tokens, worth approximately $2.06 billion, are expected to be unlocked. They were previously sold by the now-bankrupt FTX exchange and acquired by Galaxy Digital, Pantera Capital, and Figure, signaling strong confidence in Solana's future.
2. Activity of major investors
The SOL trading volume on the Deribit platform reached ~$32.39 million over the past week, representing nearly 25% of the total SOL options transactions. Around 80% of these trades were concentrated in put options, reflecting a bearish sentiment among large traders.
3. ETF from Franklin Templeton
On 21.02.2025, the investment firm Franklin Templeton filed an application with the SEC to launch a Solana ETF. This is a significant step for the institutional adoption of SOL, similar to Bitcoin and Ethereum. The fund plans not only to invest in the asset but also to participate in staking, earning additional rewards.
However, given the current volatility of the cryptocurrency market, where the price of the Solana token has fallen to $155, investors are facing uncertainty. It is precisely such times that create opportunities for easy entry and building a long-term investment portfolio.
In the DigiU ecosystem, you can:
Solana keeps actively growing and now is the best time to become part of it with DigiU.
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