Solana, the US blue-chip public chain known as the "Ethereum killer", is currently one of the most watched Layer 1 public chains in the market. On the first day of July, the SOL token rose again, challenging the important mark of $150, and market sentiment reached a peak. Wall Street asset management giants began to apply to the United States for the listing of Solana spot ETF, which is seen as a buy signal for market makers that the future increase is expected to exceed Bitcoin.
At the end of January this year, a SOL long position with a nominal value of $400,000 was opened through 50x leverage. Although there were many uncertainties in the first 6 to 7 years of Ethereum's birth, Ethereum was attractive as a risky asset for many Bitcoin holders in the market. For this reason, many Bitcoin holders are willing to convert their holdings into Ethereum.
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