BitMEX co-founder Arthur Hayes has expressed his views on Solana (SOL), indicating a potential return to its original position. Posting a chart illustrating SOL price fluctuations, Hayes suggested, “I think it’s time to get back on track.” In light of his perspective on Bitcoin's correction bottoming out in the $30,000-$35,000 range, Hayes has taken strategic positions, including purchasing a put option with a $35,000 strike price expiring on March 29. Simultaneously, he initiated a weak stop loss for his Solana holdings. Hayes disclosed the closure of his SOL and BONK positions, with plans to resume buying dips, incorporating Solana and WIF, if BTC drops below $35,000. As of the latest data from CoinMarketCap, SOL is currently trading at $97.24, reflecting a 3.70% decline.
