Compass Investments

– Investor Arthur Cheong expects Solana (SOL) price to rise significantly soon – see his chart here – The Daily Hodl Cryptoinvestor Arthur Cheong expects Solana (SOL) token price to rise significantly in the coming months. He said he will continue to hold them in hopes that the price will rise significantly in the coming months.

In a post on social media platform X, Cheong, founder of crypto investment firm DeFiance Capital, participated in an OTC SOL transaction through Galaxy Digital and received unlocked According to him, he received the tokens.

Chong says he will refrain from selling his SOL stake, even though it has already appreciated significantly since he bought it for $64.

I won’t be selling any of them.

three months later, the price has gone up significantly. I’m thinking.

The investor is also positive about Solana’s ecosystem, especially the decentralized exchange aggregator (DEX) Jupiter (JUP), which, according to DefiLlama, currently has the second highest total block value (TVL) on Solana after the Zito Remining Protocol (JTO) ).

Now that CME Group has announced the launch of two options on Solana-based futures contracts on March 17, there could be a short squeeze on SOL, Chong says.

A short squeeze is a jump in asset prices.

Chong says the cryptocurrency market cycle is not over yet, but after Trump’s honeymoon period, re-pricing may be necessary.

many cryptocurrencies, with the exception of BTC, have corrected more than 40 percent in less than two months, exacerbating the recent lack of liquidity and outflow of funds from the market.