Solana News: Crypto Veteran Highlights Promising Altcoin with AI and Blockchain Integration for 2025
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A reputable crypto expert, known for accurately predicting Solana’s surge, has pinpointed a new altcoin as a potential goldmine for investors in 2025. Read on to discover more about this exciting opportunity.
Crypto Veteran Recommends Time-Sensitive Altcoin Buy for 2025
A seasoned crypto veteran, who accurately predicted Solana’s (SOL) rise when it was priced at just $4.50, is now suggesting a time-sensitive altcoin buy for 2025. This altcoin, currently in its presale phase, has already raised over $16 million and combines artificial intelligence with blockchain technology. With a unique approach and strong community support, this altcoin presents an exciting opportunity for early investors. As the presale continues, the momentum behind this altcoin is growing, potentially making now the ideal time to secure a position before widespread adoption.
BlackRock’s Tokenized Money Market Fund Lands on Solana
BlackRock’s tokenized money market fund, currently holding $1.7 billion, has moved from Ethereum to Solana. The fund aims to give crypto-native traders access to a yield-bearing product that behaves like cash but lives fully on-chain. A spokesperson for Securitize reportedly said the total will pass $2 billion in early April. Michael Sonnenshein, COO at Securitize, told Fortune that the goal is to make traditional money market funds more exciting and to leapfrog some of Wall Street’s utility-like treatments.
Fidelity Investments Files for Spot Solana SOL ETF with CBOE
Fidelity Investments has officially filed for a spot Solana SOL ETF with the Chicago Board Options Exchange (CBOE). The firm already runs a spot Bitcoin and Ethereum exchange-traded fund and is looking to be one of the first firms to launch a spot SOL ETF upon SEC approval. The Cboe BZX Exchange, a subsidiary of the Chicago Board Options Exchange Group, has submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) through a 19b-4 filing. This move marks a significant step in the ongoing efforts to introduce a Solana-based exchange-traded fund in the U.S.
Solana [SOL] Futures See Surge in Bullish Sentiment
A surge in bullish sentiment is emerging among traders of Solana [SOL] futures. According to data shared by Ali Charts, 78.82% of open Solana positions on Binance Futures are long as of the 22nd of March, translating to a long/short ratio of 3.72. This suggests traders are more than three times as likely to bet on upside than downside. However, other Long/Short Ratio datasets from Binance show a more conservative trend across top traders, with Bitcoin futures showing a decreasing Long/Short Ratio from 2.05 on the 21st of March to 1.71 on the 24th of March.
Solana (SOL) Open Interest Surpasses $5 Billion, Price Holds Steady
Solana’s price remains resilient above the $140 mark despite bearish headwinds from the Trump administration hinting at new tariffs. SOL open interest has increased by $700 million in 24 hours, surpassing the $5 billion mark, following Donald Trump’s endorsement of the Solana-hosted TRUMP memecoin. Rising trading volumes and renewed investor Optimism suggest SOL could be poised for another price increase.
