$SOL Holds $86 as Formation Prepares Tokenized Stock Venue
What happened?
SOL is at $86, down 6.2% on the week, as Formation told the SEC it will run a tokenized securities venue on Solana.
Why does it matter?
Launch is expected in early 2027 and limited to verified investors. Solana is also moving to retire durable nonces, the feature used in the Drift hack.
What's next?
Good news for the ecosystem but no near-term catalyst for price, so I stay neutral. Expect SOL to chop between $85 and $88 while it stays inside that range. Not financial advice, DYOR.
$SOL
What happened?
SOL is at $86, down 6.2% on the week, as Formation told the SEC it will run a tokenized securities venue on Solana.
Why does it matter?
Launch is expected in early 2027 and limited to verified investors. Solana is also moving to retire durable nonces, the feature used in the Drift hack.
What's next?
Good news for the ecosystem but no near-term catalyst for price, so I stay neutral. Expect SOL to chop between $85 and $88 while it stays inside that range. Not financial advice, DYOR.
$SOL
