Famous Founder Will Not Sell His Solanas Bought at $64: "It Can Fly Until This Date" - Coin Bulletin

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DeFiance Capital founder Arthur announced that he will not sell his Solanas he bought at 64 dollars (SOL) and believes that the price will rise significantly within three months.

DeFiance Capital's founder Arthur announced that he bought Solana (SOL) at 64 dollars through Galaxy via an OTC (over-the-counter) transaction and received unlocked tokens today. However, he stated that he would not sell them and believed that the SOL price would significantly rise within three months.

Arthur expressed on his social media account that he would hold the SOL he purchased and believed that prices would experience a significant increase in the coming months.

OTC trading is known as one of the direct trading methods that is generally preferred by large investors and is carried out outside of the stock exchanges.

FTX's auctioned 11.2 million SOL in the bankruptcy process has been unlocked as of March 1, 2025. The price of Solana has experienced a decline recently due to both this unlocking and the continuous rug-pull incidents in meme coins.

ALD1.38%
SOL4.52%
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