Grayscale lists Jupiter, Pyth Network, and Helium as “under consideration.”
Jupiter leads in trading volume among Solana exchanges.
Helium expands its services with the introduction of 5G coverage.
Grayscale, a prominent cryptocurrency investment firm, is exploring potential investments in three coins from the Solana ecosystem: Jupiter (JUP), Pyth Network (PYTH), and Helium (HNT).
In a recent video on the Altcoin Buzz YouTube channel, analyst Maddie emphasized the significant market impact of this announcement, particularly among Solana enthusiasts. Grayscale’s endorsement is often viewed as a signal of legitimacy and potential for investment.
Incidentally, this is not Grayscale’s first time investing in altcoins. In August, the firm launched the Grayscale Sui Trust, which helped boost the SUI token by 300% shortly after.
Jupiter (JUP)
First on the list is Jupiter (JUP), a decentralized exchange aggregator that helps users find the best token prices across multiple platforms. DappRadar data shows that Jupiter generated over $3.38 million in fees and has $1.57 billion in total value locked (TVL) this month.
The project has a strong staking reward…
The post Grayscale Eyes Solana Ecosystem: JUP, PYTH, and HNT in Focus appeared first on Coin Edition.
