You may think that the recent Solana (SOL) pump is due to their Android phone launch.
However, the real reason is different. There are rumours about a possible reopening of FTX exchange, since more than $7 billion USD would have been found. It could be good news for all the coins linked to FTX, particularly SOL and FTT. However, that reopening would be scheduled only for 2024, and in reality the metrics of Solana are still quite weak:
- The number of active addresses on Solana has decreased by 60% in the last 3 months.
- The Total Value Locked has decreased by 95% since its All-Time High.
- The number of new SPL tokens created has decreased by 80% in the last 3 months, and the daily NFT trading volume has been divided by 3...
Therefore, the future looks quite uncertain for Solana, especially with the competition from Ethereum layer-2 chains like Arbitrum (ARB).
Disclaimer: this article does not contain any financial advice. The information is provided for general informational and educational purposes only.
Please find below some referral links to earn a bit more crypto...
