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BitcoinSistemi 2025-01-22 08:52:06

Options Whales Have Made Their Decision: Expecting Incredible Numbers in Solana (SOL) by the End of February!

US President Donald Trump and his wife Melania Trump launched their own tokens. Trump and his wife, who chose Solana for the launch of these memecoins bearing their own names, moved the SOL price. SOL hit a new record high over the weekend, hitting the $300 mark. Recent developments on Solana have been positive, while block trades on Deribit are showing expectations for the SOL price to rise to $400. An over-the-counter (OTC) options block trade executed on crypto derivatives exchange Deribit on Jan. 20 shows that some investors expect the Solana price to reach $400 by the end of February, data shows. This block trade is long on the $280 call and short on the $400 call, with 10,000 contracts for each call. Both call positions expire on February 28. If this expectation comes true, it would mean that the Solana price would increase by 55% from its current market price of $256 in just one month. Block trades are typically large orders placed by institutional investors and executed through OTC desks outside of the exchange's regular order book. This suggests that institutional demand for Solana is increasing and expectations for Solana to perform better under Donald Trump's presidency are growing. Solana (SOL), which has gained 9.2% in the last 24 hours, continues to trade at $256 at the time of writing. *This is not investment advice. Continue Reading: Options Whales Have Made Their Decision: Expecting Incredible Numbers in Solana (SOL) by the End of February!