2024

Solana

Value

Coin

<ul class="news-points">
 <li>Nic Puckrin has spotted a crucial signal that could push Solana’s price to $1,300. </li>
 <li>Institutional buyers are willing to gain SOL exposure at an implied price of over $1,300.</li>
 <li>Solana’s recent rebound restored investors’ confidence in the altcoin.</li>
</ul>
Coin Bureau CEO Nic Puckrin has identified a crucial signal that could propel Solana’s price to $1,300. In a recent post, Puckrin revealed that the Grayscale GSOL trust is trading near all-time highs and at seven times the Net Asset Value (NAV).
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 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> to $1,300?? The Grayscale GSOL trust is trading near all time highs &amp; at 7x the NAV. These institutional buyers are willing to gain <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> exposure at an implied price of over $1,300 <a href="https://t.co/U65KU9WT5F" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/U65KU9WT5F</a>— Nic (@nicrypto) <a href="https://twitter.com/nicrypto/status/1815679348751409618?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 23, 2024</a>
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According to Puckrin, institutional buyers are willing to gain SOL exposure at an implied price of over $1,300. He supported his position by attaching a performance chart of the digital asset to his post, showing the asset’s market price as of July 22 was $524.49, while its NAV per share was $68.40.
Puckrin’s observation comes amid growing bullish sentiment for Solana. This follows a significant rebound after a recent pr…
The post <a href="https://coinedition.com/grayscale-solana-trust-gsol-nears-all-time-highs-1300-sol-price-target-on-horizon/" rel="noopener noreferrer nofollow">Grayscale Solana Trust (GSOL) Nears All-Time Highs, $1,300 SOL Price Target on Horizon</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Grayscale Solana Trust (GSOL) Nears All-Time Highs, $1,300 SOL Price Target on Horizon

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