Investors are currently focused on FTX sale of locked Solana (SOL) tokens, which have a potential valuation of $1.9 billion. The Binance Coin (BNB) has also shown resistance to negative funding rates, with its price surging beyond $600 and expected to rise further. Amid this, Kelexo (KLXO), a revolutionary lending platform, is leading the way with its Web3 marketplace, offering faster transaction times and lower costs without intermediaries.
The Kelexo (KLXO) presale provides an opportunity for early-stage investors in this game-changing project. With a limited supply of tokens and a value of only $0.055 per token, the prospect appears appealing in the thriving cryptocurrency sector.
Solana (SOL) Auctions Draw Attention Amidst Rising Token Demand
The sale of FTX Estate’s locked Solana (SOL) tokens, bought by entities like Galaxy Digital and Pantera, is generating big interest. CEO Mike Cagney confirmed a planned auction for these tokens, which were a significant portion of FTX Solana (SOL) assets before the collapse. In a previous sale, two-thirds of the FTX token holdings have been liquidated, bringing $2.6 billion into the estate. Nevertheless, despite the high volatility in cryptos, the purchase at current price levels of around $152 is lucrative.
Yet, lingering uncertainties remain as to when the auction will be held, with the very auction date laying a risk of price fluctuation before token unlocking and liquidation. Be that as it may, demand for the locked-up Solana (SOL) tokens has remained so high that Figure Markets is planning a Special Purpose Vehicle to enable non-US and accredited US investor participation in the auction.
Binance Coin (BNB) Resilience Amidst Negative Funding Rates
In the middle of the negative funding rates in the derivative market, Binance Coin (BNB) has surged by 4.33% in the last 24 hours, topping the $600 mark. The movement, coupled with the negative rates of funding, signals bulls, as the crypto could rise to $630 in the short term. Binance Coin (BNB) is higher by 92.12% YTD, better than most of the top 10 cryptos. Open interest has ticked up by 17.89%, showing that trader activity is at a high, suggesting that it will eventually lead to changes in the price structure.
Considering historical patterns, the scenario for Binance Coin (BNB) suggests that it would. This will alert the traders to prepare for overbought conditions. However, the current indicators show continued bullish momentum for Binance Coin (BNB), signaling a fresh resilience of the coin even in that negative sentiment.
Kelexo (KLXO): Revolutionizing the Lending Landscape with Web3 Innovation
Kelexo (KLXO) is bringing revolutionary digital financial services with a different approach to the burgeoning lending market on Web3. It brings together creditors and borrowers without intermediaries or bureaucracy. It assures security and transparency by applying blockchain technology. Without KYC checks, the transaction will smooth out with minimum fees, lending yet another change in the lending game. The token holders will receive the incentives to shape the future that Kelexo (KLXO) actively proposes.
The project is based on blockchain technology for a transparent transactional nature. With an ongoing presale round of 440 million tokens at $0.055 each, prospective investors will have a rare chance to invest in the project early. This presents a compelling incentive for early adoption amidst a dynamic crypto landscape with possibilities.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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