The FUD around SOL heightened as FTX prepares to liquidate its holdings. However, some participants consider the declining price as an opportunity to accumulate. Does on-chain data agree?
The sentiment around the token crossed into the positive area amid a forthcoming sell-off.] in a sorry state. The token, which is the biggest holding of the now-collapsed exchange dropped to $17.98, resulting in a 6.98% decrease in the last seven days.Due to the attention around Solana, the project’s social dominance touched its highest point in 2023. Similar to market dominance, social dominance considers the share of voices conversing about a project or token.
But that’s not all. According to the data shared by pseudonymous Osmosis researcher Emperor Osmo, the increase in social dominance brings back memories of the past. In his post on X , Emperor Osmo noted that the last SOL’s social dominance reached such heights, the token value almost tripled.Last time this occurred, we skyrocketed from $9 to $25.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana: Why FTX’s upcoming sell-off could threaten SOL’s positionAmidst the calmness of the bear market, Solana concentrated on building high-profile partnerships and boosting its development activity.
Read more »
I asked ChatGPT about Solana’s price, the bot predicted a rise to $300-$400Though ChatGPT predicts Solana's price to rise to $300-$400 or higher, its on-chart metrics suggest a bearish price movement.
Read more »
Solana: Deciphering what’s behind the weekend turmoilSolana's price tumbles to a two month-low while its funding rate plunges, all eyes on the FTX verdict looming. What's next for SOL?
Read more »
7 ways drinking alcohol can affect your fitness goalsAnd why sweating out a hangover isn’t really a thing.
Read more »
Why the United Auto Workers union is poised to strike major U.S. car makers this weekBoth sides began exchanging wage and benefit proposals last week. Any strike would likely disrupt auto production in the United States
Read more »