SOL: The Beneficiary of the Memecoin Supercycle
2024-11-19


After the bankruptcy of FTX, its managers began selling off assets, including  BINANCE:SOLUSDT  . In April 2024, FTX held an auction where 1.8 million SOL were sold at prices ranging from $85 to $110 per token. These tokens were locked for four years.

So, large buyers view  COINBASE:SOLUSD  Solana as a promising purchase at around $100 per token, with a four-year lockup.

Do you think the current price is enough to satisfy the preferences of whales?

I haven't seen the exact distribution of the volume accumulated by whales.

And don’t forget who benefits from the memecoin supercycle 

More to come.

Shaka 🤙            

