Rumors about the launch of futures on Solana at the Chicago Mercantile Exchange (CME) may support the price of SOL in February.

$SOL $XRP $LTC

On January 22, information temporarily appeared on the CME website that futures on Solana could debut as early as February 10, if they receive regulatory approval. This news caused SOL to rise by 3% before the CME stated that the publication was erroneous. The exchange clarified that no official decision has been made regarding the launch of futures for this asset.

Despite the clarification, the market remains on alert. Given CME's history of legitimizing institutional access to cryptocurrencies, any confirmation of futures on Solana could become a powerful catalyst for price growth. Potentially, this could push SOL to an all-time high.

However, the optimistic outlook may be offset by the upcoming token unlock. According to Tokenomist, Solana will release coins worth $489.2 million to the market as part of a linear unlock in February. This could put pressure on the market by increasing the available supply of coins.

Token unlocks often create uncertainty and fear among investors. #SOLETFsOnTheHorizon #SolanaStrong #SOL空投