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Highlights
- BitMEX co-founder Arthur Hayes's cryptic post sparks speculation amid Solana's price surge.
- Hayes's message prompts market analysis amid positive sentiments toward cryptocurrencies.
- Previous advocacy for Solana adds depth to the intrigue surrounding Hayes's recent post.
BitMEX co-founder Arthur Hayes has set the crypto community abuzz with a cryptic post as the Solana price nears the $170 mark with a 3% increase. Notably, Hayes’s enigmatic message, shared alongside a Solana price chart, has ignited speculation across the market, especially in light of recent pro-crypto sentiments expressed by influential figures.
Here we take a look at Hayes’s recent post and its implications amid the ongoing rally in SOL price.
Arthur Hayes’s Cryptic Post and Market Speculation
Arthur Hayes, co-founder of BitMEX, recently stirred curiosity in the crypto sphere with a cryptic social media post that has left enthusiasts speculating about its underlying message. Sharing a price chart of Solana (SOL), Hayes stated:
SOL is in one of those moods. Are we back yet?
Notably, the ambiguity of Hayes’s statement has prompted speculation in the cryptocurrency market, particularly given the timing of his post amid a notable surge in SOL’s price. Besides, the intrigue surrounding Hayes’s message deepened further with the emergence of a related post by U.S. Senator Cynthia Lummis on the X platform.
For context, Senator Lummis shared a picture of herself sporting “laser eyes,” a symbolic gesture often associated with bullish sentiments towards Bitcoin. Accompanying the image was the caption “We are so ₿ack,” signaling a positive outlook on the future of cryptocurrencies following recent pro-crypto legislative developments in the Senate.
Also Read: Here’s How This Solana Trader Made $200K with $1.5K In 5 Mins
Market Response Amid Previous Advocacy For Solana
Hayes’s enigmatic post has not only piqued the interest of market participants but has also coincided with a notable uptrend in the price of Solana (SOL). Investors are closely monitoring the developments, eager to decipher the implications of Hayes’s cryptic message on SOL’s future price trajectory.
However, it’s worth noting that this is not the first time Arthur Hayes has expressed interest in Solana. In a blog post earlier this month, Hayes advocated for the accumulation of Bitcoin and Ethereum as long-term reserve assets while also endorsing the inclusion of Solana (SOL).
Simultaneously, he also suggested accumulating other meme coins like dogwifhat (WIF) and Dogecoin, in his portfolio. Notably, Hayes’s previous endorsements, coupled with his recent cryptic message, add layers of intrigue to the ongoing speculation surrounding SOL and its potential for future growth.
Meanwhile, amid the ongoing discussions, the Solana price soared 3.44% over the last 24 hours to hit $168.63. Notably, the SOL price has touched a high of $169.83 recently, signaling the growing confidence of the traders towards the crypto.
Besides, the derivatives data by CoinGlass showed that the Solana Open Interest soared 5.01% to $2.22 billion from yesterday, reflecting the bullish momentum in the market.
Also Read: New Turkey Crypto Bill In Spotlight, Is FATF Grey List Exit Possible?
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