Zhu Su analyzes the rise of SOL: a certain platform's TGE triggers multiple favourable information effects.

On July 17, Zhu Su, the founder of Three Arrows Capital, expressed his market view stating, "The TGE of a certain platform has propelled the rise of SOL," for the following reasons:

The platform itself does not hold a large amount of SOL, so it will not create price pressure through the sale of SOL, eliminating market concerns about "sale risks";

The market has a misunderstanding about the platform selling SOL. Users usually purchase SOL with dollars, participate in transactions on the platform, and pay SOL fees, while the platform then converts SOL back to dollars. This model is just a regular consumer business process and does not directly lead to a decline in SOL prices;

The platform's high revenue within the Solana ecosystem (such as the record monthly revenue of $106 million in November) has attracted more market attention, highlighting Solana's potential as a high-performance blockchain. This not only attracts more developers to build projects on Solana but may also drive the revaluation of SOL as an investment-grade consumption protocol.

Investors in the Solana ecosystem participating in the platform's initial token offering tend to reinvest their profits into SOL, further driving up its demand and price.

SOL2.86%
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YieldWhisperervip
· 07-18 17:56
classic 3ac hopium... but the math still doesn't add up tbh
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RooftopReservervip
· 07-18 12:04
Entering a position is a good thing! First, book a rooftop for a guaranteed return.
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WalletWhisperervip
· 07-16 17:12
zhu su can really shut up now
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CryptoComedianvip
· 07-16 17:12
Pro is still Pro, Zhu Ge knows how to play.
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SingleForYearsvip
· 07-16 17:09
Sigh, who still listens to 3AC's nonsense.
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FOMOSapienvip
· 07-16 17:07
The classic Su God-style explanation.
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ProofOfNothingvip
· 07-16 17:04
Are we going to start performing analysis again? If the trend is clear, will we still get rekt?
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PretendingToReadDocsvip
· 07-16 17:01
I didn't even have time to look at the floor, yet I argue about the ceiling.
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