Solana Update (Patreon)

Hi Team

I haven't invested in SOL for some time due to its very unfavorable trend - my trend line keeps me out. I was contemplating selling a portion, but recent headlines including developments with Visa, MakerDAO, and its recognition as Asset of the Year changed my perspective.

Currently, 15% of my portfolio is in cash, precisely for moments like this. I did allocate some funds to MSTR and TSLA, but mainly used margin positions, minimizing my cash investment.

Check out my tweet from last night, which has already garnered close to 400K views.

It is clear that this is a front run of potential dumpage by FTX but rem much of it is still in lock up. 

This is what we know so far about dumpage, market sentiment etc: 

• General disbelief and concern over market liquidity
• Not many buyers for all assets BTC included
• Anticipation of favorable entry prices for $SOL - check my layers above - I buy at 17.50
• Speculations about FTX dumping affecting $SOL prices positively afterwards
• Remember Robinhood delisting - all the selling happened ahead of the unlock
• Some individuals buying the dip already
• Appreciation for $SOL's community and infrastructure development during bear market
• Concerns about market manipulation and misinformation surrounding potential 600 million $SOL dump
• Disagreements on the exact details of potential dump; focus on possible vested tokens and potential for OTC-only sales
• Discovery of a transaction involving 124k $SOL moving to Binance, suspicions of manipulation by a single entity
• Advice against taking long or short positions due to volatility
• Anticipation and speculation on further price movements and potential dumps
• Expectation of opportunities and potential for $SOL
• We monitor wallet movements closely and hang tight amidst market fluctuations
• Some individuals making small purchases of $SOL
• Mixed sentiments on the current situation, with some hoping for lower prices to buy
• Crypto influencers are trying to talk the markets down - that a DOTCOM Crash is coming as they missed the train back in Nov 2022