After the catastrophic collapse of FTX and the courtroom and bankruptcy wrangling that followed, some declared that Solana (SOL)—a favorite digital asset of convicted founder Sam-Bankman Fried—was doomed or even dead. But Arthur Hayes, the former CEO of BitMEX, has recently turned the spotlight on the blockchain, suggesting that it has a promising trajectory amid a volatile market landscape. 

“I think it might be time to get back on the train fam,” he tweeted, sharing a chart of Solana’s price movements. “Maybe after a few U.S. banks bite the dust this weekend.” The tweet gathered over 1,100 likes a few hours after being posted.

As a cofounder of BitMEX who rode out the tumultuous waves of the 2017 bull run and the 2018 crypto winter, Hayes’ market predictions are closely watchedin the cryptocurrency community.

Earlier this week he wrote an essay positing a potential downturn for Bitcoin, exploring a drop to the $30K-35K range. He said he decided to sell some tokens to prevent further losses.

“I also dumped my trading positions in Solana and Bonk at a slight loss,” he shared. He also said he purchased $35,000 in strike puts—reserving the right to buy at a specific price.

Go to Source to See Full Article
Author: Jose Antonio Lanz

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details