Solana (SOL) May 13 Prediction: ETF Hopes Point Towards $200 Test
- FTX and a major whale unstake over $50M in SOL, but continue holding large reserves.
- Meme coin boom doubles Solana ecosystem value, driving speculative interest.
- ETF anticipation and bullish technicals point to $190–$200 as the next key levels.
Solana (SOL) showed impressive market strength, trading around the $177 mark on May 12, its highest price level since early March, fueled by a confluence of whale movement, broader market optimism, and bullish technical indicators.
This strong price performance, fueled by substantial whale movements, broad market optimism, a meme coin explosion, and upcoming spot ETF decisions, now sets the stage for its price path on May 13.
Whale Activity, Holdings Steer SOL’s Short-Term Outlook
On-chain data reveals notable moves from large Solana holders, a factor likely influencing May 13 sentiment based on recent trading.
FTX/Alameda’s staking address recently unstaked 187,625 SOL valued at $32.24 million, yet still retains a massive 5.2 million SOL ($913.5 million) in staking.
The post Solana (SOL) May 13 Prediction: ETF Hopes Point Towards $200 Test appeared first on Coin Edition.
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Solana (SOL) May 13 Prediction: ETF Hopes Point Towards $200 Test
- FTX and a major whale unstake over $50M in SOL, but continue holding large reserves.
- Meme coin boom doubles Solana ecosystem value, driving speculative interest.
- ETF anticipation and bullish technicals point to $190–$200 as the next key levels.
Solana (SOL) showed impressive market strength, trading around the $177 mark on May 12, its highest price level since early March, fueled by a confluence of whale movement, broader market optimism, and bullish technical indicators.
This strong price performance, fueled by substantial whale movements, broad market optimism, a meme coin explosion, and upcoming spot ETF decisions, now sets the stage for its price path on May 13.
Whale Activity, Holdings Steer SOL’s Short-Term Outlook
On-chain data reveals notable moves from large Solana holders, a factor likely influencing May 13 sentiment based on recent trading.
FTX/Alameda’s staking address recently unstaked 187,625 SOL valued at $32.24 million, yet still retains a massive 5.2 million SOL ($913.5 million) in staking.
The post Solana (SOL) May 13 Prediction: ETF Hopes Point Towards $200 Test appeared first on Coin Edition.
Read More