{"id":19463,"date":"2025-03-28T01:02:09","date_gmt":"2025-03-28T01:02:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19463"},"modified":"2025-03-28T01:02:09","modified_gmt":"2025-03-28T01:02:09","slug":"blackrocks-big-bet-sends-solana-sentiment-to-new-highs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19463","title":{"rendered":"BlackRock\u2019s Big Bet Sends Solana Sentiment to New Highs"},"content":{"rendered":"
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The social media buzz around Solana (SOL) has reportedly reached a fever pitch, buoyed by GameStop\u2019s $1.3 billion Bitcoin (BTC) play and BlackRock\u2019s recent expansion onto the blockchain.<\/p>\n

This surge in institutional interest has fueled overwhelmingly positive sentiment toward Solana, with Santiment reporting a near-record high 18:1 positive-to-negative sentiment ratio.<\/p>\n

Institutional Backing Boosts Solana\u2019s Appeal<\/h2>\n

In a March 26 post<\/a> on X, Santiment noted:<\/p>\n

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\u201cWith news that institutions like GameStop and BlackRock are integrating Bitcoin and launching yield-bearing tokenized treasury funds on Solana, crypto\u2019s #5 market cap asset is seeing an astounding level of bullish sentiment pouring in on social media.\u201d<\/p>\n<\/blockquote>\n

According to the analytics platform, the high level of positivity is driven by the belief that institutional backing could speed up Solana\u2019s adoption and strengthen its market position.<\/p>\n

Many see BlackRock\u2019s decision to integrate Solana into its tokenized money market fund, BUIDL, as a major endorsement of the blockchain\u2019s capabilities. Since its launch in March 2024, BUIDL has grown to $1.7 billion, commanding the tokenized U.S. treasuries market and outpacing rivals like Ondo and Franklin Templeton.<\/p>\n

GameStop has also dipped its feet into the crypto pool, announcing<\/a> plans to raise $1.3 billion to buy Bitcoin. The move mirrors Strategy\u2019s aggressive BTC accumulation, further validating digital assets as institutional-grade collateral.<\/p>\n

Meme Coin Frenzy Contributes to Solana\u2019s Growth<\/h2>\n

Apart from institutional influence, Solana\u2019s meme coin space seems to have been revitalized after a brief lull partly occasioned by the LIBRA debacle, in which investors lost more than $250 million<\/a> after insiders cashed out early, causing the token\u2019s value to plummet 85%.<\/p>\n

Pump.fun, which recently launched<\/a> a native decentralized exchange (DEX) to compete with Raydium, recorded more than 34,000 meme coin launches on March 24, dwarfing the 20,190 created at the beginning of the month.<\/p>\n

The sparkling performance of the newly launched meme coin Ghiblification (GHIBLI) has further brightened the space. Inspired by a wave of Studio Ghibli-style images shared by ChatGPT users on social media, the token shot up by an eye-popping 35,000% at one point since going live.<\/p>\n

Meanwhile, SOL\u2019s price has responded positively to the changing sentiment. The asset was trading at $138.60 at the time of this writing, which, despite a 4.4% pullback in the last 24 hours, reflects a 3.8% gain over the past week.<\/p>\n

As things stand, SOL is outperforming both BTC and the broader crypto market, with the number one cryptocurrency by market cap up just 2% in seven days.<\/p>\n

The post BlackRock\u2019s Big Bet Sends Solana Sentiment to New Highs<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The social media buzz around Solana (SOL) has reportedly reached a fever pitch, buoyed by GameStop\u2019s $1.3 billion Bitcoin (BTC) play and BlackRock\u2019s recent expansion onto the blockchain. This surge in institutional interest has fueled overwhelmingly positive sentiment toward Solana, with Santiment reporting a near-record high 18:1 positive-to-negative sentiment ratio. Institutional Backing Boosts Solana\u2019s Appeal […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19463","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19463"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19463\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}