The token’s 65% weekly rise highlights strong momentum, but sustainability is uncertain. Mixed indicators from participation and network growth show that continued upward movement may face significant resistance unless new demand enters the market.
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As Wall Street has swooned over public companies that buy crypto, it’s become clear that Solana has a couple of disadvantages in the digital asset treasury (DAT) game. It is younger and carries a smaller market cap than bitcoin or ether, so Wall Street is less familiar with it. And in the eyes of some investors, SOL is missing something else: a Michael Saylor-like figure who can sing the asset’s praises to mainstream investors.
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The total market value of player tokens on the platform (i.e., the combined market value of all players) has reached hundreds of millions of dollars, peaking at $150 million before falling back to $100 million. Players profit from trading shares in star players.
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