Solana’s price is rising due to the anticipation of a new airdrop, investors holding off on selling for high profits, and the recovery in BTC price. With altcoins like WIF and BONK, the price that was once pushing against the $150 barrier is now setting its sights on new peaks after closing above $158.
After the FTX collapse, the cryptocurrency suffered significant losses, but we’ve seen many supportive events since then. The latest was the news that Pantera offered to buy $200 million worth of SOL Coin from FTX for investors.
The diminishing impact of FTX sales and rumors that remaining assets will be sold OTC by buyers like Pantera are driving the spot price higher.
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