Solana’s SOL token surged 19.5%, reaching $150, influenced by Pantera Capital’s investment plans.
The Solana ecosystem’s growth, fueled by memecoins, functional SPL tokens, and DApps activity, showcases its dynamic nature.
Solana’s native token, SOL, has seen an unprecedented surge, climbing 19.5% from March 5 to March 7, reaching a milestone of $150 for the first time since January 2022. This surge was notably influenced by the news of Pantera Capital’s intentions to acquire $250 million worth of SOL tokens from the bankrupt FTX estate, as reported by Bloomberg.
This move has sparked widespread speculation among traders about SOL’s potential to sustain its 47% gains over twelve days and the possibility of the altcoin breaching the $200 mark.
Pantera Capital’s Bold Move
Pantera Capital’s proposal to purchase a substantial amount of SOL tokens, although significant, represents just a fraction of the $5.9 billion in SOL tokens held by the FTX estate, accounting for nearly

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