Grayscale just dumped $20 million into $SOL and the asset still dropped 2.71% to $107.19.
The $20M buy is 100% verifiable on-chain, but the price action says the momentum isn’t shifting yet. Greed is at 57, so the market’s already priced in most of the good news around $SOL . It’s not a bad signal, just proof that one big buy can’t push a $100+ asset against the broader trend.
No one should be yoloing full size here. Keep most of your powder dry, only use tiny batches if you want $SOL exposure right now. Wait for a confirmed hold above $105 before adding any more positions.
Do you think $SOL will flip $XRP for the #4 crypto spot this month, or will this $20M buy just be a short-term pump that dumps later? Drop a 1 for the flip, 2 for dead cat bounce.
#Write2Earn #BinanceSquare $SOL ETF #TradingTournament
The $20M buy is 100% verifiable on-chain, but the price action says the momentum isn’t shifting yet. Greed is at 57, so the market’s already priced in most of the good news around $SOL . It’s not a bad signal, just proof that one big buy can’t push a $100+ asset against the broader trend.
No one should be yoloing full size here. Keep most of your powder dry, only use tiny batches if you want $SOL exposure right now. Wait for a confirmed hold above $105 before adding any more positions.
Do you think $SOL will flip $XRP for the #4 crypto spot this month, or will this $20M buy just be a short-term pump that dumps later? Drop a 1 for the flip, 2 for dead cat bounce.
#Write2Earn #BinanceSquare $SOL ETF #TradingTournament