Solana News: Volatile Trading and Renewed Bullish Sentiment Surround SOL

As the cryptocurrency market continues to fluctuate, Solana (SOL) has emerged as a topic of significant debate among traders. With its price showing both short-term gains and medium-term declines, SOL’s future remains uncertain. However, recent trading activity suggests that investors may be regaining confidence in the coin.

Solana (SOL) Price Prediction for March 19

Currently, Solana (SOL) is trading at $131.90, having posted a significant 7.51% increase in the past 24 hours. However, it has experienced a 28.13% decline over the last 30 days, highlighting the coin’s inherent volatility. This dramatic mix of short-term gains and medium-term corrections has sparked debates among traders about Solana’s next move. Solana’s current trading level comes off a notable 7.51% rally in the past day, suggesting renewed bullish interest. However, the 28.13% drop over the last month serves as a reminder of recent market corrections that have affected even the leading blockchain platforms. This mixed picture—strong short-term recovery paired with a longer-term downtrend—indicates that the market is still in a state of flux.

Volatility Shares to Launch First Solana ETFs in the US

Volatility Shares LLC has launched the first-ever ETFs tracking Solana futures, providing investors with exposure to the cryptocurrency without directly holding it. The Volatility Shares Solana ETF (SOLZ) tracks Solana futures, while the 2X Solana ETF (SOLT) offers Leveraged exposure, amplifying potential gains and risks. The ETFs were approved by the SEC and carry expense ratios of 0.95% (SOLZ) and 1.85% (SOLT). The launch of Solana futures ETFs follows the success of Bitcoin ETFs, highlighting increasing institutional and retail interest in diversified cryptocurrency investment products.

Best Presales to Buy Now – Which Tokens Are Seeing the Most Buy Pressure?

As the $2.89 trillion crypto market grows, investors are bundling into enticing presales. Currently, leading projects are available at a discount, providing a rare chance to invest before broader market notice. One of the most promising presale projects is Solaxy ($SOLX), revolutionizing Solana’s first next-gen Layer 2 technology presale by launching a pioneering Layer 2 scaling solution designed to ease network congestion, significantly cut transaction fees, and boost performance.

Whale Sells 59,406 SOL Tokens on DEX as Solana Price Surges

A whale has made significant gains by transferring 59,406 SOL tokens from Kraken, a centralized exchange (CEX), and selling them on a decentralized exchange (DEX) for 7.47M USDT at an average price of $125.8. The whale’s action indicates that big investors are offloading part of their SOL holdings for profit-taking. This trading activity highlights the flexibility and liquidity of DEXs, which can facilitate large transactions.