Solana

Coin

<ul class="news-points"> 
 <li>About 250,000 to 700,000 SOL have been sold daily by FTX for the last three weeks.</li> 
 <li>SOL’s price jumped above $60, as GSOL’s premium also increased.</li> 
 <li>While the price may retrace, it may not take long before SOL hits $70.</li> 
</ul> 
Despite being a notable casualty of the FTX contagion in 2022, <a href="https://coinedition.com/can-solana-sol-jump-to-46-80-despite-ftx-liquidation/">Solana (SOL)</a> has defied all odds in 2023, as the price continues to outshine its peers. In the last 30 days, the value of SOL has increased by 180%, rising as high as $62 on November 11. 
However, the rising price of SOL is not the only interesting thing the token has shown by the token. For a token that was once described as dead, it has shown tremendous strength. Coin Edition came to this conclusion because of a post by trader Bluntz Capital. 
<h2 class="wp-block-heading" id="h-the-big-players-are-here">The Big Players Are Here</h2> 
According to Bluntz, FTX, after getting the go-ahead to <a href="https://coinedition.com/ftx-moves-to-sell-off-1m-solana-after-sol-grows-90-to-43-79/">liquidate</a> its assets, has been selling around 250,000 to 700,000 daily for the last three weeks. Regardless of the sales, SOL has failed to nosedive. Rather, the price has chosen the upside. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 FTX has been selling between 250k-700k <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> every day for the last 2 weeks while price has either been going up or sideways. so far its been getting absorbed like a …
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/will-solana-sol-be-the-shining-star-of-the-bull-market/">Will Solana (SOL) Be the Shining Star of the Bull Market?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Will Solana (SOL) Be the Shining Star of the Bull Market?

Table of Contents

Coin Edition

Other articles published on Nov 12, 2023

Compound Protocol: Know Strength of Top Lending DeFi Platform

Bitcoin, MATIC and These Altcoins Are Top Cryptos to Watch This Week

Jim Cramer’s Predictions Defied as Bitcoin Price Witnesses Surge

2024 Counter-Strike Major Schedule Unveiled

Here’s why Grayscale’s Solana Trust is the new hot topic among crypto investors

Bithumb sets sights on IPO to rebalance crypto power

Join our free newsletter for daily crypto updates!