Andrew Kang, co-founder of Mechanism Capital, voiced concerns over the potential volatility and impending price correction of Solana (SOL) in a market analysis posted on X. His comments come amid a broader dialogue concerning the delayed second wave of US spot Bitcoin ETFs, which he now anticipates could be pushed back by one to two quarters. He states, “I believe the timeline for this is delayed by 1-2 quarters. Some market views. Experts now suggest that solicitation approval/ETFs added to wealth management platforms is slated for Q4 instead of late May as originally suggested.” He believes that this delay in ETF approvals could result in a lack of immediate capital influx into the market, thereby potentially reversing the current upward momentum. Impacting the broader crypto market, Kang’s prediction for Solana, Kang’s prognosis is less optimistic. He highlights Solana’s price volatility, which has been significantly influenced by meme-driven trading activities. “Solana has been a great horse this cycle but it’s seen the reflexivity from the meme trading demand works in both directions. If ..
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