Investor Arthur Cheong Predicts Solana (SOL) Will Soon Be ‘Substantially Higher’ – Here’s His Timeline
Crypto investor Arthur Cheong says he will probably be holding on to his Solana (SOL) tokens in anticipation of its value being a lot larger within the coming months.
Cheong, the founding father of the crypto funding agency DeFiance Capital, says in a put up on the social media platform X that he participated in an over-the-counter (OTC) SOL deal by Galaxy Digital and has collected his unlocked tokens.
Although he’s already up considerably after buying at $64, Cheong says he’ll wait to promote his SOL stack.
“Not promoting a single one in all them.
I feel it will likely be considerably larger in three months.”
The investor can also be bullish on the Solana ecosystem, particularly Jupiter (JUP), a decentralized alternate (DEX) aggregator that presently has the second-highest whole worth locked (TVL) on Solana after the re-staking protocol Jito (JTO), in accordance with DefiLlama.
Now that the CME Group has introduced that it will likely be rolling out two Solana-based futures contract choices on March seventeenth, Cheong says {that a} brief squeeze might ensue for SOL.
A brief squeeze happens when a pointy rise within the value of an asset forces merchants who had beforehand bought brief to shut their positions, fueling extra rallies.
Based on Cheong, the crypto market cycle continues to be not over, however might must undergo a repricing following the “Trump honeymoon.”
“It seems like there’s a extreme lack and outflow of liquidity available in the market recently as many crypto except for BTC have corrected >40% in lower than two months.
Nevertheless, the stablecoin provide has expanded dramatically since 2024, rising by almost $100 billion to achieve a complete provide of $221 billion, now representing over 1% of the US Greenback M2 Cash Provide…
That stated when the animal spirits come again as they at all times do, I feel we’ve got the liquidity and capital in place to push the market considerably larger.”
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