Key Points
- SOL recorded an ascendant trajectory at the moment, as Grayscale filed for a Solana ETF.
- Also, at the moment Pump.enjoyable transferred 200,000 SOL value round $464,000.
As the altcoin season debuts, extra digital property are recording new ATHs. Solana (SOL) additionally appears to be on the precise path to surpass its earlier 2021 ATH, amidst crypto market optimism and varied different components.
SOL Gets Closer to Previous ATH
At the second of writing this text, SOL is buying and selling above $232.6, up by over 3.5% within the final 24 hours. SOL has a market cap of over $110.57 billion.
SOL recorded a value rebound from yesterday’s dip to $217 ranges and a market cap of $103 billion.
SOL reached its ATH on November 7, 2021, at virtually $258 and the digital asset is likely to be on the precise path to surpassing it quickly. SOL obtained near its earlier 2021 ATH on November 22, when the coin reached a value of over $256.
Optimistic components might carry a brand new historic peak for SOL.
Grayscale Files for a SOL ETF with NYSE
Among the components that might push SOL’s value greater is the truth that Grayscale filed for a Solana ETF with NYSE, as revealed by a latest 194-b submitting with the SEC.
Considering the upcoming Trump administration that might carry extra crypto-friendly insurance policies and the upcoming change of the US SEC, SOL ETFs might see approval at the very least someday subsequent 12 months.
Also, after Bitcoin ETFs recorded an enormous success which led to the rise in Bitcoin’s value to new ATHs this 12 months, Solana ETFs might expertise the identical path, following their launch.
In different latest associated information, at the moment, on-chain information analyst Yu Jin’s monitoring notes revealed that Pump.enjoyable noticed an accelerated frequency of promoting SOL.
Since this morning, 200,000 SOL have been transferred to Kraken. According to the identical on-chain notes, Pump.enjoyable has obtained a complete of about 1.6 million SOL in charge revenue.
While Pump.enjoyable used to promote one SOL each few days, at the moment they’ve already offered 2 SOLs, based on on-chain data.
