Here are 2 big reasons why... ð March 07, 2024 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20Solana%20is%20heatin%27%20up%20%F0%9F%94%A5%3A%20Here%20are%202%20big%20reasons%20why...%20%F0%9F%91%80%0A%0Ahttps%3A%2F%2Fthemilkroad.beehiiv.com%2Fp%2Fsolana-heatin) Todayâs edition is brought to you by [Phemex]( - a top 5 crypto exchange boasting exceptionally low fees and trading bots to help you automate profits and effortlessly execute pro trading strategies. [Discover effortless trading with Phemex bots.]( GM. This is Milk Road. The newsletter that gives you the same feeling as hearing the ice cream truck enter your neighborhood - instant joy. Hereâs what weâre serving up today: - Solana is on FIRE. Hereâs whyâ¦ð¥ - Movies, Bitcoin, and all-time-high prices ð - MicroStrategy: âMo Money, Mo BTCâ ðª
[Prices as of 12:00 PM ET. Click here for our Fear & Greed Index]( SOLANA IS ON FIRE! HEREâS WHYâ¦ð¥ Solana has been on a roll lately⦠- Its native token ([$SOL]() is up +15% and hit a 20-month high. - Stablecoin inflows have increased every day [for the last 10 days](. - Last week, Solana decentralized exchanges ([DEXs]() saw $11.24B in trading volume - a new weekly record. - On Tuesday, Solana DEXs hit $2.85B in trading volume - a new daily record. (The Solana club was ðµÂ [goinâ up, on a Tuesday]( ðµ) So, whatâs behind the recent rally? 2 things⦠1/ Shiny new tokens A new wave of [memecoins]( hit the Solana blockchain this week. But thereâs a twist: - The memecoins arenât animal-themed like they usually are. (i.e. dogs, cats, frogs, etc) - Instead, theyâre based on famous people. - But the names are spelled funny⦠- And the art looks like it was created by a 4-year-old on Microsoft Paint. Without further adieu, here are the memecoins taking Solana by storm⦠I know what youâre thinkingâ¦. âThis sounds (and looks) so stupid.â I thought the same thing when I first saw them on Tuesday. So, I didnât buy any. Fast forward to today⦠tokens like Jeo Boden and Danold Tromp are up 100x. (Brb - gonna go stub my toes against the coffee table to ease the pain). The lesson: You donât get to dictate whatâs âstupidâ in crypto, the market does! And goofy artwork + funny names = a recipe for virality. As more of these Solana memecoins go viral â more investors will flock to Solana â more on-chain trading activity. On top of that⦠2/ Pantera Capital has its eyes on SOL In case you donât know, Pantera is a crypto OG⦠- Launched the first crypto fund in the U.S. over 10 years ago. - First bought BTC back in 2013, when it was worth ~$100. (Btw - Dan Morehead, the founder, wrote an email explaining why they invested at the time. [100% worth the read](). - At one point, the fundâs lifetime return was over 10,000%. AKA what all little degens around the world dream of⦠Now, Pantera has its eyes set on something new⦠Solana. According to [reports](, Pantera Capital is raising funds to buy $250M worth of SOL. Why this matters: It gives Solana a âstamp of approvalâ. You see, for the most part, Solanaâs been associated with names like FTX and fkSBF (formerly known as SBF or fkSBF for short). All bad names. All banned from my house. So getting a name like Pantera onboard adds some credibility. $SOL is up +15% after the news. [PHEMEX: YOUR CRYPTO TRADING BFF]( Donât look now but the crypto market has finally found its groove again after a period that felt like the longest winter on record. So, whatâs next? Like everyone else, you're looking to capitalize on this upswing and elevate your profits without sifting through endless analyses cluttering your screen. The solution is simple: [Phemex](. Phemex offers a solution tailored for both novice and seasoned traders, with its [trading bots]( acting as your personal assistants and streamlining your trading journey. But thatâs not all⦠Phemex's spot and contract grid trading bots are adaptable to fluctuating market conditions, ensuring you stay ahead of the game. And for advanced traders seeking a competitive edge, the [Futures Martingale Bot]( is your go-to strategy enhancer, employing a sophisticated cost-averaging technique to refine your trading approach. Want to dive deeper? [Check out Phemexâs guide to discover the bot that aligns with your trading strategy!]( MOVIES, BITCOIN, AND ALL-TIME-HIGH PRICES ð Hereâs an interesting/weird correlation for you⦠Every time a new âDuneâ movie comes out, [BTC]( hits a new all-time high. It happened back in 2021 and again earlier this year.Â
[Source: @yo]( Have I ever watched Dune? Nope. Am I rooting for them to make a new movie every year? Hell yes. If they make as many Dune movies as âFast & Furiousâ, weâll be rich in no time! BITE-SIZED COOKIES FOR THE ROAD ðª [The blockchain security firm Hacken is on the brink of introducing RWA tokenization, which empowers $HAI token holders to convert their utility tokens into equity tokens.]( This exchange provides a direct equity stake in Hacken and the [waitlist]( remains open.* [MicroStrategy increased its convertible debt offering from $600M â $700M](. You know what they say⦠âMo Money, Mo Bitcoin.â [The proposal to turn on Uniswapâs fee switch has passed the âtemperature check vote.â]( The proposal includes changes in the protocolâs fee mechanism to reward users who delegate and stake their UNI tokens and will now go to an on-chain vote. [Wormhole released details for its big airdrop coming soon](. The cross-chain protocol will airdrop ~617M tokens to its early users. [Regulators in Spain have issued an order requiring Worldcoin to cease collecting and processing personal information within the country](. Sam Altmanâs crypto project has a 72-hour window to abide by the order (or elseâ¦). [The Arizona State Senate is reviewing a proposal to include Bitcoin ETFs in retirement funds](. The state funds include the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). [EigenLayer has reached $11.2B in total value locked (TVL)](. The Ethereum restaking protocol jumped Aave to become the 2nd largest protocol by TVL. *This is sponsored content MILKY MEMES ð¤£
[Source: @TheBTCTherapist](
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