Solana Shanghai Summit Takes Shape
- Lily Liu said the Shanghai summit brought together hundreds of asset allocators. She cited 50,000 Chinese small and medium-sized enterprises awaiting IPOs, and said the market capitalization of domestic listed companies is only one-sixth that of New York companies with comparable profits.
- Shanghai Yaokun Qiusuo Digital Technology was registered in August with registered capital of 10 million yuan. Shanghai Solana Enterprise Management Co., Ltd. holds a 45% stake, but “Solana” is simply a name chosen by a sole proprietorship owned by an individual; there is no equity evidence proving an affiliation with the Solana Foundation.
The news has provided limited sentiment support for SOL. Evidence of real-world implementation is insufficient, making it difficult for investors to buy into a vague narrative. In the short term, watch whether support at the previous low holds. Those of you holding SOL, what’s your cost basis?
$SOL $BTC $ETH
- Lily Liu said the Shanghai summit brought together hundreds of asset allocators. She cited 50,000 Chinese small and medium-sized enterprises awaiting IPOs, and said the market capitalization of domestic listed companies is only one-sixth that of New York companies with comparable profits.
- Shanghai Yaokun Qiusuo Digital Technology was registered in August with registered capital of 10 million yuan. Shanghai Solana Enterprise Management Co., Ltd. holds a 45% stake, but “Solana” is simply a name chosen by a sole proprietorship owned by an individual; there is no equity evidence proving an affiliation with the Solana Foundation.
The news has provided limited sentiment support for SOL. Evidence of real-world implementation is insufficient, making it difficult for investors to buy into a vague narrative. In the short term, watch whether support at the previous low holds. Those of you holding SOL, what’s your cost basis?
$SOL $BTC $ETH