Solana

Bitcoin

when

Coin

<ul class="news-points"> 
 <li>Pundits cite FTX as a significant hurdle to Solana’s recent bull rally.</li> 
 <li>SOL has soared by over 64% from $125 to a new yearly high of $209</li> 
 <li>However, the bankrupt FTX exchange only holds 1,376 SOL worth $286,056.</li> 
</ul> 
Worries have <a href="https://x.com/ol_smoothie/status/1769502173875110206?s=20" target="_blank" rel="nofollow">resurfaced</a> within the crypto market regarding the sustainability of Solana’s recent bullish surge, fueled by speculation over potential liquidation risks tied to the troubled FTX exchange. 
In the last 24 hours, Solana (SOL) established a new yearly high of $209.33, rallying more than 10% from $188. Over the past seven days, despite Bitcoin dragging down the crypto market, SOL stayed resilient, growing by over 40%. 
Notably, Solana was one of the cryptocurrencies that ignited this cycle’s bull run in October 2023, when it doubled in value in under 30 days. The asset maintained the uptrend until January, entering a consolidation phase, ranging between $85 and $120, until this month, when it engineered another breakout. Emphatically, SOL has soared by over 64% from its price of $125 on March 1 to $209 today.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
 <img decoding="async" width="946" height="557" src="https://coinedition.com/wp-content/uploads/2024/03/Solana.png" alt="" class="wp-image-385952" style="width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2024/03/Solana.png 946w, https://coinedition.com/wp-content/uploads/2024/03/Solana-300x177.png 300w, https://coinedition.com/wp-content/uploads/2024/03/Solana-380x224.png 380w, https://coinedition.com/wp-content/uploads/2024/03/Solana-768x452.png 768w, https://coinedition.com/wp-content/uploads/2024/03/Solana-151x89.png 151w, https://coinedition.com/wp-content/uploads/2024/03/Solana-756x445.png 756w, https://coinedition.com/wp-content/uploads/2024/03/Solana-420x247.png 420w, https://coinedition.com/wp-content/uploads/2024/03/Solana-408x240.png 408w, https://coinedition.com/wp-content/uploads/2024/03/Solana-280x165.png 280w, https://coinedition.com/wp-content/uploads/2024/03/Solana-358x211.png 358w, https://coinedition.com/wp-content/uploads/2024/03/Solana-119x70.png 119w, https://coinedition.com/wp-content/uploads/2024/03/Solana-127x75.png 127w" sizes="(max-width: 946px) 100vw, 946px">
 <figcaption class="wp-element-caption">
 Solana 30-day price action | <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="nofollow">CoinMarketCap</a>
 </figcaption>
 </figure>
</div> 
However, market participants are again apprehensive of Solana’s new surge fading out, …
The post <a href="https://coinedition.com/solana-bull-run-hurdle-will-ftx-sell-off-derail-the-rally/">Solana Bull Run Hurdle: Will FTX Sell-Off Derail the Rally?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Solana Bull Run Hurdle: Will FTX Sell-Off Derail the Rally?

Coin Edition

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