Crypto investor Arthur Cheong says that he will hold his Solana (SOL) tokens pending his price that will be much higher in the coming months.
Cheong, the founder of the crypto investment company Defiance Capital, says in a position on the social media platform X that he participated in a freely available (OTC) SOL deal via Galaxy Digital and his unlocked tokens.
Even though he is already considerable after the purchase of $ 64, Cheong separate He will wait to sell his Sol Stack.
‘None of them sell.
I think it will be considerably higher in three months. “
The investor is also bullish On the Solana ecosystem, in particular Jupiter (Jup), a decentralized Exchange (DEX) aggregator who has currently locked the second highest total value (TVL) on Solana after the Jito (JTO) re-impotocol, according to Defillama.
Now that the CME group has announced that it will be rolled out on 17 March two Solana-based Futures contract options, Cheong separate That a short squeeze can arise for Sol.
A short squeeze occurs when a sharp rise in the price of an assets traders who had previously sold to close their positions and feed more rallies.
According to Cheong, the crypto market cycle is still not over, but it should be possible by one repetition After the ‘Trump -marriage trip’.
“It feels like there has been a serious defect and outflow of liquidity on the market lately, because a lot of crypto has corrected from BTC> 40% in less than two months.
However, the Stablecoin supply has been dramatically expanded since 2024, growing nearly $ 100 billion to achieve a total stock of $ 221 billion, which now represents more than 1% of the M2 money amount of the US dollar …
That said, when the animal spirits come back as they always do, I think we have the liquidity and capital to push the market considerably higher. “
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Generated image: midjourney
