Tron founder Justin Sun said the Tronlink wallet team is exploring integration with Solana amid a surge in SOL prices.
Amid a 61% rise in Solana (SOL) prices since December 1, 2023, Tron founder Justin Sun gave an update that could further improve Solana blockchain liquidity. The recent rise in SOL prices meant that Solana’s market capitalization briefly replaced Binance Coin (BNB).
Tron wallet integration on Solana
On Friday, December 22, 2023, Sun announced plans to integrate the Tron wallet with the Solana blockchain. According to the Tronlink website, the wallet has over 10,000,000 users worldwide and supports over 100,000 tokens. Justin Sun tagged Solana co-founder Raj Gokal and Solana Labs co-founder Anatoly Yakovenko on the X platform and said,
“Tron Wallet is exploring the integration of the Solana blockchain. What do you think of this potential collaboration?”
Sun was previously reported to be associated with the cryptocurrency exchange Huobi Global. In April 2023, CoinGape reported that Justin Sun acquired the cryptocurrency exchange in 2022 for about $1 billion after majority shareholder Leon Li sold his shares. However, the Tron founder later denied holding any shares in Huobi. Currently, the Tron founder serves as a global advisor to the exchange.
Solana at $100?
Interestingly, Sun’s announcement comes at a time when Solana (SOL) appears to have received significant support from institutional investors. Meanwhile, the entire cryptocurrency market is eyeing the prospect of the U.S. Securities and Exchange Commission (SEC) approving the first spot Bitcoin ETF in the U.S., sparking a potential bull run.
Earlier, CoinGape reported that the Relative Strength Index (RSI) indicator for SOL price is supporting the continued price increase while showing momentum to reach the $100 mark within a few days.
