Recent stablecoin positioning on Solana indicates the SOL token might face extreme volatility. Notably, USDT trading surged by over 137% recently, reflecting changing market dynamics. Analysts suggest the situation could create a decisive price moment for Solana.
The anticipated FTX repayments could increase selling pressure on SOL, further complicating its price action. Additionally, a trend linking limited liquidity due to memecoins adds further uncertainty for Solana, indicating potential market fluctuations ahead.
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