Over the last 24 hours, Solana [SOL] has registered a strong upswing on its price charts. In fact, the altcoin recovered from a 6-month low...
CME group is set to launch Solana Futures on 17 March for micro-sized contracts and a larger-sized contracthas registered a strong upswing on its price charts. In fact, the altcoin recovered from a 6-month low of $125 to climb to $151 -A 20% recovery.
In light of the latest price pump, the question that arises is what’s driving the upward momentum and whether SOL can hold on to it. According to AMBCrypto’s analysis, the CME Group’s latest announcement may be the good news that investors have been waiting for., the leading derivates marketplace has announced plans to launch Solana Futures on 17 March, pending regulatory review.
Importantly, the CME group believes that Solana will continue to grow and evolve into the most reliable platform for investors and developers. CME Group SOL Futures will be cash-settled and based on the CME CF Solana-Dollar Reference Rate. Thus, their entry will greatly benefit all stakeholders within the ecosystem.As expected, this announcement was well received by investors, with whales turning to accumulating the altcoin. To put it simply, whales are now actively accumulating SOL.
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