Solana ETF has been a hot topic in the DeFi market, but February isn’t looking as bullish as investors hoped. While excitement initially went up over the possibility of a Solana-based ETF, sluggish development and regulatory hurdles have slowed momentum. Unlike Bitcoin and Ethereum, which have seen massive institutional inflows, SOL’s ETF progress remains uncertain which has left many traders frustrated.
As demand for AI and blockchain integration rises, investors are beginning to explore other options. The difficulties SOL faces due to its ETF’s slow development are precisely why a new AI utility crypto, which recently raising $10.7 million, is gaining market attention.
Does Grayscale’s Solana ETF Have Bullish or Bearish Effects on The Official Sol Price?
The recent performance of SOL price charts in February has taken a turn for the worse as selling pressure intensified over the past week. The latest drop began around the same time the SEC acknowledged Grayscale’s ETF filings for Ripple (XRP) and Dogecoin (DOGE) on February 14.
Traders quickly jumped on XRP and DOGE, which shifted attention away from Grayscale’s Solana ETF. This shift in demand from Grayscale’s Solana ETF has played a huge role in the ongoing slump that the official SOL price is witnessing. Over the past week, the SOL price dropped from around $200 on Saturday to $182. In addition to the negative impact of the Solana ETF on SOL’s growth potential, data from the SOL derivatives market indicates that most traders expect further declines soon.
If selling pressure continues, the official SOL price could lose its immediate support at $180 and sink further to $175. Moreover, if bearish positions get overextended, a sudden surge in SOL price movements could force liquidations and lead to a sharp rebound for the token. For now, all eyes are on Solana ETF updates, as it has a bigger influence on SOL price uptrends than trader’s selling pressure.
Enjoy DeFi’s AI Transformation With IntelMarkets
Crypto trading has often been unfair to retail traders in the DeFi market—until IntelMarkets emerged on the scene. IntelMarkets gives everyday traders access to the kind of AI-powered tools that hedge funds and big institutions have been using for years. With real-time market insights, advanced trading bots, and instant whale movement alerts, IntelMarkets helps traders make smarter, faster, and more profitable decisions.
Apart from trading, IntelMarkets is pioneering the future of decentralized finance with its Quantum Wallet, which is designed to withstand quantum attacks. This way, its users’ digital assets remain safe even in the face of next-gen cyber threats. IntelMarkets has also undergone rigorous audits by Codeum, assuring traders that they can invest without concerns about security flaws. Additionally, with the launch of its Rodeum AI blockchain, users will receive real-time alerts on market shifts—because in crypto, timing is everything.
Now, here’s where it gets exciting; IntelMarkets is still in its public presale. Right now, IntelMarkets INTL tokens are up for grabs at just $0.09 in Stage 10, a golden opportunity for early buyers. Unlike other projects where venture capitalists scoop up all the supply before the public even gets a chance, IntelMarkets is giving power back to retail traders.
If IntelMarkets reaches the market cap of Solana, early investors could see a 20,000% gain. That’s the kind of potential that turns small investments into life-changing wealth. The crypto space is evolving, and IntelMarkets isn’t just keeping up—it’s leading the charge. If you missed the early opportunities with other market giants like Solana, IntelMarkets could be your second chance at remarkable financial success.
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