SOL: The Beneficiary of the Memecoin Supercycle
Updated
After the bankruptcy of FTX, its managers began selling off assets, including
SOLUSDT . In April 2024, FTX held an auction where 1.8 million SOL were sold at prices ranging from $85 to $110 per token. These tokens were locked for four years.So, large buyers view
SOLUSD Solana as a promising purchase at around $100 per token, with a four-year lockup.Do you think the current price is enough to satisfy the preferences of whales?
I haven't seen the exact distribution of the volume accumulated by whales.
And don’t forget who benefits from the memecoin supercycle
More to come.
Shaka 🤙
Trade active
SOL - new ATH! In the short term, we may see a sell-off reaction from here, but the best is yet to come!
🥷🏼The most objective market analysis: Elliott wave principle, smart money concept, demand and supply volume analysis (VSA+cluster analysis) - t.me/shakatrade1_618
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