The relaxation of U.S. regulatory policies has increased the attractiveness of SOL to professional investors
BlockBeats reports that on July 22, Rennick Palley, the founding partner of crypto risk fund Stratos, stated that the U.S.'s relaxed regulatory policies have increased SOL's appeal to professional investors. He believes that the recent rise in SOL is due to an overall improvement in market sentiment and an increased likelihood of it and its ecosystem tokens not being considered securities by the Trump administration. The upcoming launch of ETH ETF also helps. SOL seems poised to become the next token with an ETF, especially given its relatively small size and strong price performance.
Data tracked by DefiLlama shows that the total locked-in value (TVL) of tokens on Solana has grown more than 25% within a month, breaking through $5.28 billion mark and reaching levels seen in April 2022.(Coindesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Russia Deputy Suggests Jensen Huang Could Help Develop Domestic Chips
As Bitcoin Fell, a Billion-Dollar Gap Emerged at Michael Saylor’s Company—What Are the Costs Per BTC?
Tesla opens Cybercab purchases to invited individuals, starting at $29,990, with the first deliveries in December.
Tesla has officially opened reservations for the steering wheel-free Cybercab to individual consumers, with a starting price of $29,990 and the first deliveries scheduled for December 2026. This driverless two-seater electric vehicle will become Tesla’s lowest-priced model, and Elon Musk is even willing to halt production of the Cybertruck to prioritize it. However, the NHTSA has launched an investigation, and regulatory uncertainties may cast doubt on the commercialization of autonomous driving.
Crypto prices
More
