Wall Street Giant Bets Big on Solana Price Amid Inflation Fears

Quick Summary:

VanEck, one of the top Wall Street asset managers with over $100 billion in assets under management remains bullish that Solana price will rally to $520 in 2025.

On February 12, Solana implemented a new priority fee distribution proposal outlined in the Solana Improvement Document (96) (SIMD 96).

This optimism comes despite Solana’s struggle to reclaim $200 due to inflation concerns that have pushed the price down by 27% from its monthly high.

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Price Analysis Solana Price Analysis SOL price Solana Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 12:44:46 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26293263

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