170,000 SOLs are waiting to be sold, OMG (Nenmo Coin) has soared 50%, can we catch up?

First, Solana is facing challenges again. FTX has unlocked 170,000 SOLs from the staking network waiting to be sold, causing market panic. In addition, FTX still has 7.05 million SOLs in its wallet, worth about $1 billion, which have not been sold.

Since FTX will start repaying its debts in October, selling is almost inevitable, and it may reduce the market impact through over-the-counter transactions.

Solana's original developer conference on September 20 was dragged down by these selling pressures and potential investigations, and its performance was not as expected. In contrast, BNB's performance is much stronger. Binance is about to launch the BNB re-staking function, which will enhance the attractiveness of BNB, while increasing the on-chain funds TVL through double staking, further benefiting the valuation.

OMG (Nenmo Coin) has soared 50%, can we catch up?

Personally, I think: You can chase it, but you need to wait for it to fall back to $0.28 and stop falling again. Aggressive investors with spare money can consider entering the market directly, but the premise is to set a stop loss. Share the reasons why I think you can enter the market: First, the weekly line has just broken through the double bottom and touched the downward trend line, which shows that the bulls are very strong. Second, last week's bald head and bald feet Yang line appeared after a long period of decline, and there is a high possibility of another wave of inertial rise. Third, many exchanges have removed OMG's trading pairs, which has increased the difficulty of purchase, indicating that liquidity has decreased, but it will be easier for the main force to control the market. #新币挖矿HMSTR #美国大选如何影响加密产业？ #sol板块 #OMG