Got it! Justin Sun secretly increased his position in this dog, quickly ambush!
ARB has turned around and is about to undergo a qualitative change, and the magic coin Kaspa has won the favor of Wall Street. What happened?
Solana spot ETF is established, will it be approved? And what great news does Floki have? Let's follow Shuqin to find out.
The first is that the shocking Wall Street trillion-dollar giant Vanda officially submitted the S1 document for the Solana spot ETF, and this is not just hearsay, it is really possible to succeed.
First of all, you have to know that Vanda was the first to submit an Ethereum spot ETF. Everyone thought it would not pass, but it was passed, and his Bitcoin ETF has also been approved, so this Solana ETF is by no means a gimmick, he is really determined to take action.
And you know what, once this trend is established, other giants on Wall Street may not be able to sit still and will submit applications for Sol’s ETF, such as Ark, BlackRock or Franklin. At that time, each application will trigger a sharp rise in Solana.
So you don’t care whether it will pass in the end or not. Anyway, this process will definitely make Sol full of topics and appeal, which will be an important step in its market reversal.
Judging from the K-line, its previous declines can be regarded as three bottoming outs, and the correction has already been in place.
Moreover, it even broke through the downward trend line, so Sol is expected to gradually rise to around 170 in the next few weeks. Shuqin also analyzed this in yesterday's square. I asked everyone to enter the market, but it took off in the evening and made a profit of 10% in just a few hours. It can be seen that opportunities are really reserved for those who are prepared.
James, a well-known analyst from Bloomberg, said that the final decision on Solana ETF will be around March next year, and the most anticipated thing during this period is that other institutions will submit ETF applications to the SEC.
In addition, GSR, a well-known Wall Street market maker, also announced that it was long Solana, and the institution insisted that Sol's ETF would eventually pass. Previously, another Wall Street giant, Pantera, also announced its entry into Solana.
So everyone can see that this public chain is really backed by American giants from all walks of life, and it has great potential in the future. Some of the ecological coins on its chain, such as WIF, can also be deployed as appropriate, but you must not only hold a large position in one local dog, as the risk is too high. You can also configure some coins like Pepe and Floki.
Speaking of Floki, there is an interesting on-chain data. Shuqin discovered that Justin Sun, the Big Scythe, was actually secretly buying this coin. He just bought 300 million coins last night. His current total holdings have reached 3.7 million US dollars.
You should know that Sun Yuchen is definitely not stupid to make a fortune of 10 billion. He bought Floki for the first time on January 24. Let’s see how much Floki was at that time? Wasn’t it bought just before the explosion?
After that, it soared 10 times, so you can pay attention to it this time. After all, this coin has fallen so much, and some investment may bring unexpected gains.
In addition, Shuqin also learned that the long-dormant Layer 2 leader ARB is about to undergo a qualitative change. When I was browsing the ARB developer forum, I found an incredible news: ARB's staking service provider Frisson proposed to distribute 50% of the ARB sorter's profits to token holders.
Based on the current income data, this means that ARB holders will receive a staking income of 7% per year, which is definitely a qualitative change, because before, the ARB you bought was actually useless, it was just a pure governance token, and once this proposal is passed, holders will be able to get a share of the profits, which is really amazing.
The proposal will be formally voted on in mid-to-late July. If it is approved by then, ARB may usher in a wave of popularity. In addition, the Ethereum ETF will also be listed next Tuesday or Thursday, which can be said to be a double blessing.
In addition, KAS, which Shuqin had asked everyone to ambush, also received a lot of good news. Nasdaq-listed mining company Marathon announced the launch of a large-scale Kaspa mining business, and is significantly shifting computing power to its chain.
KAS is one of the few POW public chains like Bitcoin today, but the difference is that its performance is terrible. Bitcoin generates one block in 10 minutes, while Kaspa uses directed acyclic graph technology to generate multiple blocks at the same time, one block per second, which is ridiculously fast.
Its founder also appears in the Ethereum white paper, so he has a legitimate reason. So you can also pay attention to this coin. Shu Qin has talked about it for several issues, and he has always been a long-term bull.
And we also bought back the People that Shuqin had asked everyone to sell at 0.095 yesterday at 0.085. As a result, it rose to 0.095 again. Even without adding leverage, we have made a cumulative profit of 30% this week. In addition to coins like Sol and Pepe, many coins have doubled in just one week.
Those who want to join the operation can come and have a look. Benqin updates the operation every day.
Okay, let’s continue.
As the saying goes, everything has its limits. Now the flow of Bitcoin funds has quietly changed, from the previous net outflow to the current blue net inflow, which means that the average transaction price of short-term holders who hold the currency for less than one month is higher than that of medium-term players who hold the currency for three months. They are willing to buy at a higher price, which often represents demand and buying.
What's even more coincidental is that each bull market will experience five purple selling pressures before reaching the top. Now that we have experienced the fourth time, Shuqin predicts that the fifth time will occur in the summer off-season next year.
Now that we have looked at the price behavior of short-term coin holders, let’s take a look at the data of long-term players who have held coins for more than half a year. Please see the picture.
In each cycle, the floating profit ratio of long-term coin holders will move from the green 60% to the higher blue range, and only then will they be content to start the distribution mode, that is, to stop profit.
The previous two times the index turned from green to blue took 98 and 69 days respectively, while this bull market has been fluctuating in the green range for 96 days. It can be said that the bull market may start at any time.
As a witness of many rounds of bull and bear markets, I can tell you very clearly that every bull market comes silently.
It rises slowly at the beginning, like a frog in boiling water. You can't even feel the bull coming. On average, it only rises by one or two percent every day.
Then, there was a sudden good news in the cryptocurrency market, and the price started to rise rapidly. At that time, people who had not bought the cryptocurrency became anxious and started to buy crazily. Then, all kinds of people on Wall Street came out to call for orders. The price of the cryptocurrency was rising every day, and it continued to rise for several months, and finally ended in extreme excitement.
Therefore, everyone should cherish every profit opportunity at the moment, strive to hoard more coins, and prepare for the upcoming bull market.
Because no one cares about your hard work for ten years, but you become famous overnight and everyone knows you. And next year, when the market is bullish, your name will be known all over the neighborhood and you will become a new legend!
