Let’s break this down from a capital-flow perspective: Circle has minted 250 million USDC on the Solana network.
When the news comes out, two things often happen in the market at the same time:
· Early movers start taking profits
· Funds that only came in after seeing the news start buying
Which side has more strength determines where the market goes. $SOL 24h Trading volume is $370 million; watch to see whether turnover suddenly spikes.
#SOL
DYOR, and don’t invest more than you can afford.
When the news comes out, two things often happen in the market at the same time:
· Early movers start taking profits
· Funds that only came in after seeing the news start buying
Which side has more strength determines where the market goes. $SOL 24h Trading volume is $370 million; watch to see whether turnover suddenly spikes.
#SOL
DYOR, and don’t invest more than you can afford.