🚀 A Whale Bets on $SOL Reaching $400 by the End of February!
On January 20, a major options contract was executed on the Paradigm OTC platform, anticipating Solana price to hit $400 by February 28. An institutional investor employed a bullish call spread strategy by purchasing options with a strike price of $280 and selling options with a strike price of $400. For the trade to break even, Solana price needs to exceed $300.
This move aligns with Coinbase CEO Brian Armstrong’s announcement of plans to enhance support for Solana, putting it on par with $BTC and $ETH
Recently, Solana hit an all-time high of around $270, fueled by the launch of the meme token TRUMP on its network.
Will Solana reach $400 by the end of February? Time will tell!
Current price is 256$