Solana [SOL] What’s After the Change Takes this drastic step for the change bearers

  • Binance announced the suspension of USDT and USDC (SOL) until further notice; OKX followed suit
  • On the contrary, Kraken has announced support for the tokens

According to OKX’s statements, binanceAnd ByBit, a few Solana Blockchain tokens may be removed. No justification was given for the move and no mention was made of bringing them back to the list either. Now, while Binance has claimed it is temporary, it has not specified when it will resume.


Read Solana (SOL) price forecast for 2022-2023


OKX Deleted, Binance Shut Down…

binance He said It has temporarily suspended USDT (SOL) and USDC (SOL) deposits. This information was contained in a notice posted on its official website on November 17. Not much information was provided, nor was it mentioned whether the same applies to withdrawing the same tokens from the Solana blockchain.

OKX, another popular cryptocurrency trading platform as well is posted A statement announcing that USDT (SOL) and USDC (SOL) have been delisted. The exchange added that the platform will no longer support the deposit and withdrawal of these tokens. The site’s official press release stated that the delisting is effective at 3 UTC on the 17th.

accident statement From the Solana Foundation to highlight Solana’s exposure to FTX. Largely due to the investment by Alameda and the subsequent purchase of FTX and Alameda, Solana was raised in the same FTX. This has caused others to think about what the future holds for blockchain. Nothing specific to SOL was discussed, although recent activity in these markets may cause Fear, Uncertainty, and Doubt (FUD).

SOL continues to descend

When the price of SOL was examined on the daily time frame, it was evident that the asset was moving in tops and bottoms. The crypto asset is down more than 5% at the time of writing and appears to be dropping further. Above the price action of SOL, a short-term moving average (shown by the yellow line) and a long-term moving average (represented by the blue line) were visible. The MA center revealed the SOL’s recent slow price action.

Source: SOL/USD, TradingView

Solar It was overbought, as indicated by the RSI. It is observed that the RSI line is below 30 – a sign that the token has moved negatively. In fact, since the onset of the downturn, the value of crypto assets has fallen by more than 60%.

Lifeline?

In recent months, Solana has been looking forward to being beaten, and it is still not clear what the outcome will be. However, one cryptocurrency exchange appears to be bucking the trend by announcing USDC (SOL) and USDT (SOL) deposits and withdrawals.

November 17, Kraken more dangerous It supports tokens on its platform. For token holders and the Solana ecosystem, this could be a relief.

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