{"id":20556,"date":"2025-01-22T17:39:12","date_gmt":"2025-01-22T15:39:12","guid":{"rendered":"https:\/\/forklog.com\/en\/whale-bets-on-solana-surging-to-400-by-februarys-end\/"},"modified":"2025-01-22T17:39:12","modified_gmt":"2025-01-22T15:39:12","slug":"whale-bets-on-solana-surging-to-400-by-februarys-end","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/whale-bets-on-solana-surging-to-400-by-februarys-end\/","title":{"rendered":"Whale Bets on Solana Surging to $400 by February&#8217;s End"},"content":{"rendered":"<p>On January 20, a client of the <span data-descr=\"over-the-counter\" class=\"old_tooltip\">OTC<\/span> platform Paradigm executed a &#8220;large&#8221; options trade on Solana, poised to profit if the price surpasses $400 by February 28, according to <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/22\/solana-bull-bets-big-on-sol-rallying-to-400\">CoinDesk<\/a>.<\/p>\n<p>An unnamed institutional investor initiated a so-called <a href=\"https:\/\/www.investopedia.com\/terms\/b\/bullcallspread.asp\">bull call spread<\/a>: simultaneously buying a call with a strike price of $280 and selling a call with the same parameter at $400.<\/p>\n<p>This strategy yields the greatest profit when the underlying asset&#8217;s quotes are near or above the short call&#8217;s expiration ($400).<\/p>\n<p>In other words, the trader is betting on a 55% rise in Solana&#8217;s price from its current value of $257 in less than a month.<\/p>\n<p>According to Greg Magadini, Director of Derivatives at Amberdata, the breakeven level for the trade is $300.<\/p>\n<p>The position was opened amid statements from Coinbase CEO Brian Armstrong about plans to develop the Solana ecosystem.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We have the Solana backlog triaged, and transactions should generate quickly again. If your transaction got canceled you can retry it now \u2014 apologies for the trouble.<\/p>\n<p>It\u2019s clear we need to step up our game on Solana, scale our infrastructure, and provide native support for\u2026<\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1881987902701207678?ref_src=twsrc%5Etfw\">January 22, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cOur goal is to support Solana on par with Bitcoin, Ethereum, and <\/em><em>Base<\/em><em>,\u201d<\/em> <em>he wrote.<\/em><\/p>\n<\/blockquote>\n<p>The head of Coinbase responded to user issues on the platform regarding SOL transaction processing, which arose due to high market activity.<\/p>\n<p>On January 18, Solana <a href=\"https:\/\/u1f987.com\/en\/news\/solana-hits-record-high-as-on-chain-trading-surges\">reached<\/a> a historic high of around $270. The growth driver was the launch of the &#8220;official&#8221; <a href=\"https:\/\/u1f987.com\/en\/news\/trumps-x-post-sends-fdv-of-the-official-trump-memecoin-to-19bn\">TRUMP meme token<\/a> by U.S. President Donald Trump on the network.<\/p>\n<p>The following day, <a href=\"https:\/\/u1f987.com\/en\/news\/melanias-meme-coin-leaves-traders-pining-for-gary-gensler\">a token<\/a> <a href=\"https:\/\/u1f987.com\/en\/news\/melanias-meme-coin-leaves-traders-pining-for-gary-gensler\"> <\/a>from the politician&#8217;s spouse <em>\u2014<\/em> <a href=\"https:\/\/u1f987.com\/en\/news\/melanias-meme-coin-leaves-traders-pining-for-gary-gensler\">MELANIA<\/a> <a href=\"https:\/\/u1f987.com\/en\/news\/melanias-meme-coin-leaves-traders-pining-for-gary-gensler\">was introduced<\/a>.<\/p>\n<p>As a result of the on-chain activity surge, Solana users experienced &#8220;the craziest weekend.&#8221;<\/p>\n<p>Between January 23-25, the <a href=\"https:\/\/u1f987.com\/en\/news\/solana-reaches-all-time-high-amid-four-sol-etf-listing-applications\">deadline<\/a> for the preliminary decision by the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> on Solana-ETF applications from VanEck, 21Shares, Canary, Bitwise, and Grayscale approaches.<\/p>\n<p>Previously, several experts <a href=\"https:\/\/u1f987.com\/en\/news\/experts-anticipate-solana-etf-launch-by-2025s-end\">expressed confidence<\/a> in the product&#8217;s emergence by the end of 2025.<\/p>\n<p>According to JPMorgan, inflows into potential spot exchange-traded funds based on SOL and XRP <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-pegs-potential-inflows-into-solana-and-xrp-spot-etfs-at-up-to-14bn\">could surpass<\/a> those of Ethereum instruments within six months of launch, reaching $3-6 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 20, a client of the OTC platform Paradigm executed a &#8220;large&#8221; options trade on Solana, poised to profit if the price surpasses $400 by February 28, according to CoinDesk. An unnamed institutional investor initiated a so-called bull call spread: simultaneously buying a call with a strike price of $280 and selling a call [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1168,1146,1159],"class_list":["post-20556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-crypto-derivatives","tag-cryptocurrency-market-forecasts","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=20556"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/20556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/20555"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=20556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=20556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=20556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}