$SOL just got OpenSea back and the chart's the easy part here, up 10.29% this week while everyone argues whether a marketplace relisting even matters anymore.
OpenSea returning to Solana is a bet that liquidity chases where the users already are, and solana's got the retail rails for it. the ecosystem's own posts this week talk about an FDIC bank plugging into solana and tokenized stock order books running there too, that's solana's own framing of itself, but the OpenSea piece is the part traders can actually watch move.
i don't think OpenSea alone revives NFTs everywhere. i think it revives SOL nft volume specifically, because the builders and the liquidity are already sitting on this chain, and a marketplace coming back to a coin that's already up double digits this week reads different than one showing up during a dead market.
$SOL trades at $112.39 right now. if it holds $107.71, the 24h low, i think it keeps grinding back up toward $113.42 on this OpenSea news. if it loses $107.71, i'm wrong on this and anyone who bought the headline is holding a bag with no catalyst left to point to.
holding $107.71 or losing it?
follow me for more calls like this.
OpenSea returning to Solana is a bet that liquidity chases where the users already are, and solana's got the retail rails for it. the ecosystem's own posts this week talk about an FDIC bank plugging into solana and tokenized stock order books running there too, that's solana's own framing of itself, but the OpenSea piece is the part traders can actually watch move.
i don't think OpenSea alone revives NFTs everywhere. i think it revives SOL nft volume specifically, because the builders and the liquidity are already sitting on this chain, and a marketplace coming back to a coin that's already up double digits this week reads different than one showing up during a dead market.
$SOL trades at $112.39 right now. if it holds $107.71, the 24h low, i think it keeps grinding back up toward $113.42 on this OpenSea news. if it loses $107.71, i'm wrong on this and anyone who bought the headline is holding a bag with no catalyst left to point to.
holding $107.71 or losing it?
follow me for more calls like this.
