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Understanding Current Solana Rally

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by COINS NEWS 91 Views

We all know Solana and its infamous relationship with FTX. Recently after FTX got permission for sale of crypto assets, Solana went on a tear. While it can be argued that the entire market was bullish, Solana's rally appeared to be overtly bullish. I mean fundamentally nothing has changed about it to justify an almost 400% rise($18 to $68) in such a short time. This price rise seems like a coordinated pump so that FTX gets best prices for offloading their SOLs. Considering they appointed Galaxy as advisor for sale of crypto assets it cannot be entirely ruled out. This is just my perspective neither for or against the token as such and I could be totally wrong about it, so feel free to share your thoughts on this.

submitted by /u/NoteExpress7152
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