Popular trader CrypNuevo commented on the key support battles currently taking place: “This looks like an attempt to reclaim Support 1, which would lead to a move back into the range,” part of the post on X explained. CrypNuevo also noted that there are just two weeks left until a potential bullish risk asset stimulus — a rate cut by the US Federal Reserve (Fed) on September 17.
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As of the time of this writing, Solana was trading at $203 with a market cap of $109.7 billion, just behind BNB’s $865.97 price and $120.6 billion capitalization. Indeed, Binance’s proof of reserves shows no Solana holdings beyond customer deposits of 22.433 million SOL tokens. The holdings comprise 22.013 million in exchange balance and 420.35 in third-party custody.
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Simply put, it has done something that seemed impossible before: Allowing users to purchase US blue-chip assets with a single click using USDT/USDC and transform them into composable, tradable, and lendable DeFi modules on-chain. It's not creating air, nor just discussing RWA narratives, but building a complete closed loop from compliant purchase → token minting → providing on-chain liquidity → opening to ecosystem developers.
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