Is This the Start of a Solana Gold Rush?

There's reason to believe that Solana (CRYPTO: SOL) is getting its own cohort of persistent buyers that will put upward pressure on its price for years to come. During the 30-day period ended on Oct. 10, dedicated Solana digital asset treasury companies accumulated roughly 6.3 million Solana coins, or more than 1.6% of the circulating supply, and representing more than half of all the coins held in corporate treasuries, which totals 2.5% of its supply.What's more, this is happening just as U.S. regulators cleared the first Solana exchange-traded fund (ETF), introducing asset managers and retirement accounts as two new big groups of buyers.With so many new buyers rushing in, it almost looks as if there's a bit of a gold rush for the coin starting to pick up speed. Let's examine this trend in closer detail and investigate what it means for holders and potential buyers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool