๐จ SOLANA IS GAINING MOMENTUM โ AND INSTITUTIONAL MONEY IS WATCHING
SOL has once again grabbed strong attention this week.
๐ฆ Charles Schwab announced plans to offer spot trading for Solana, Avalanche, and Chainlink, expanding its clientsโ access to the crypto market. After the announcement, SOL rose more than 9% in 24 hours.
And itโs not just that.
๐ฐ Bitwiseโs staking ETF, BSOL, surpassed $1 billion in assets after logging seven consecutive sessions of inflows.
๐ฅ At the same time, proposals approved by the Solana community aim to reduce the issuance of new SOL and increase the burn of fees, potentially creating a more favorable token supply dynamic.
In other words:
๐ฆ Institutions increasing exposure
๐ฐ ETFs attracting capital
๐ Pressure on new issuance
๐ SOL regaining strength
But thereโs an important point: after such a fast surge, a short-term pullback is entirely possible.
The big question now is:
Is SOL starting a new leg of the uptrend, or is the market already overdoing it in the euphoria? ๐
#squarecreator $SOL #WeeklyMarketHighlights
SOL has once again grabbed strong attention this week.
๐ฆ Charles Schwab announced plans to offer spot trading for Solana, Avalanche, and Chainlink, expanding its clientsโ access to the crypto market. After the announcement, SOL rose more than 9% in 24 hours.
And itโs not just that.
๐ฐ Bitwiseโs staking ETF, BSOL, surpassed $1 billion in assets after logging seven consecutive sessions of inflows.
๐ฅ At the same time, proposals approved by the Solana community aim to reduce the issuance of new SOL and increase the burn of fees, potentially creating a more favorable token supply dynamic.
In other words:
๐ฆ Institutions increasing exposure
๐ฐ ETFs attracting capital
๐ Pressure on new issuance
๐ SOL regaining strength
But thereโs an important point: after such a fast surge, a short-term pullback is entirely possible.
The big question now is:
Is SOL starting a new leg of the uptrend, or is the market already overdoing it in the euphoria? ๐
#squarecreator $SOL #WeeklyMarketHighlights