Best Presales to Buy After Binance Denies Rumors About Dumping Solana
The post Best Presales to Buy After Binance Denies Rumors About Dumping Solana appeared on BitcoinEthereumNews.com.
A Binance spokesperson has clarified that rumors suggesting that the company was dumping some of its crypto holdings, including Ethereum and Solana, are simply untrue. These rumors started doing the rounds on social media almost immediately after the Bybit hack. Speculations suggested that large crypto firms, including Binance, caused the recent market sell-off by aggressively selling and reducing the size of their holdings. They are misunderstanding what Binance does as an exchange, which is we simply help users match trades – Binance Binance’s clarification could be one of the reasons we’ve seen the market recover over the weekend. There are still reasons to worry about potential liquidation, though, especially given the upcoming influx of Solana tokens from the FTX hack. Over 15M $SOL worth $2.5B are about to flood the market. Still, expert analysis suggests that the coming week could see more buying pressure, as $BTC takes support on the 200 EMA. Combined with the long-term perspective being bullish, it could be worth investing in promising new presales that are showing a lot of investor interest. 1. Solaxy ($SOLX) – Solana Altcoin Capable of Boosting the Network’s Appeal Solana has undoubtedly been one of the most talked-about blockchains in the last year thanks to its memecoin-friendly infrastructure. It’s both fast and cheap, which has led to an increase in the number of meme coins on the network. Notable ones include $TRUMP, $BONK, and $MELANIA. However, Solana’s rise to fame has birthed operational difficulties. The network stands overwhelmed by the sheer amount of transaction requests. This flooding of new investors on Solana has led to congestion and scalability issues, and transactions are failing to go through. This is where Solaxy ($SOLX) comes in. Designed to be the first-ever Layer 2 solution on Solana, Solaxy will process transactions away from the network’s mainnet,…
Filed under: News - @ March 2, 2025 10:18 am