Solana has a $9M bear and a $5B bull case at the same time.
One wallet holds a $9.03M $SOL short that liquidates near $105 (COINOTAG).
Meanwhile Solana says on-chain RWA value hit a record $5B in October, with $60B in DEX volume (Solana team).
Whale Alert also flagged 250M new USDC minted on Solana today.
My take: fundamentals are growing while price is weak. Shorts pile in when sentiment is at Extreme Fear, but a squeeze toward $105 would hurt them first.
Do you see $SOL reaching $105 before it loses $85? Not financial advice.
#Solana #RWA #USDC #CryptoNews
One wallet holds a $9.03M $SOL short that liquidates near $105 (COINOTAG).
Meanwhile Solana says on-chain RWA value hit a record $5B in October, with $60B in DEX volume (Solana team).
Whale Alert also flagged 250M new USDC minted on Solana today.
My take: fundamentals are growing while price is weak. Shorts pile in when sentiment is at Extreme Fear, but a squeeze toward $105 would hurt them first.
Do you see $SOL reaching $105 before it loses $85? Not financial advice.
#Solana #RWA #USDC #CryptoNews