⚠️📉 The cancellation of the $1.5 billion Solana treasury plan sparks controversy!
As treasury companies linked to Bitcoin and Ethereum are on the rise, Solana has also begun to attract significant institutional interest, with major companies announcing their own reserves of the currency.
🚨 However, surprising negative news has emerged for SOL:
According to a report from Blockworks, Joe McCann's plan to create a $1.5 billion digital treasury for Solana has been canceled after severe criticism of his investment fund's performance.
🔍 Informed sources confirmed that the company led by McCann has halted its plans for a public listing via a SPAC (merger with a special purpose acquisition company).
☁️ The situation remains unclear, and there is a possibility that the company may try to find an alternative route in the future.
📈 Despite this news, Solana's currency recorded a 2.3% increase over the past 24 hours and is currently trading at $176 at the time of this post.
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🔔 Important summary for investors:
Increasing institutional interest in Solana, but news volatility remains critical.
It is important to monitor the movements of digital treasuries and major players in the market.
🚫 This post is not considered investment advice.