I just came across a post and almost thought I’d misread it: the central bank-affiliated Financial Times confirmed on November 6 that the Solana event held in Shanghai on October 16 was called off—not because, as the organizers claimed, “there were too many registrations and the venue couldn’t accommodate everyone.”
The SOL ad on the exterior of the Citibank Tower in Lujiazui, the new Pudong office, and the four-city tour were all classified as non-compliant promotion. The companies and individuals involved will also be investigated. Even Changpeng Zhao couldn’t help asking: did you even know the rules before you went in?
Interestingly, $SOL is still holding at $90 today, with the 200-day moving average at 89.04 right under it. If it breaks, watch 88.3; if it holds, watch 92.25. The regulatory hammer has already come swinging down, yet the market hasn’t panicked—
A The bad news is fully priced in; 90 is the bottom
B The hammer has only just been raised; let’s talk after 89 breaks
$SOL $BTC $ETH
#Solana #上海 #CentralBank
The SOL ad on the exterior of the Citibank Tower in Lujiazui, the new Pudong office, and the four-city tour were all classified as non-compliant promotion. The companies and individuals involved will also be investigated. Even Changpeng Zhao couldn’t help asking: did you even know the rules before you went in?
Interestingly, $SOL is still holding at $90 today, with the 200-day moving average at 89.04 right under it. If it breaks, watch 88.3; if it holds, watch 92.25. The regulatory hammer has already come swinging down, yet the market hasn’t panicked—
A The bad news is fully priced in; 90 is the bottom
B The hammer has only just been raised; let’s talk after 89 breaks
$SOL $BTC $ETH
#Solana #上海 #CentralBank
