Tron founder, Justin Sun, has revealed that the TronLink wallet team is currently investigating the potential integration with Solana, coinciding with a notable surge in the price of SOL.
With Solana (SOL) prices surging by 61% since December 1, 2023, Justin Sun, the founder of Tron, provided an update poised to enhance liquidity on the Solana blockchain. The recent upswing in SOL price led to Solana’s market cap briefly surpassing that of Binance Coin (BNB).
Linking Tron Wallet with Solana
On December 22, 2023, Sun announced plans to integrate the Tron wallet with the Solana blockchain. As per the Tronlink website, the wallet boasts a global user base of over 10,000,000 and supports more than 100,000 tokens.
Following reports linking Sun to Huobi Global, it was disclosed in April 2023 that Justin Sun had purchased the crypto exchange for about $1 billion in 2022 after the majority shareholder, Leon Li, sold a stake. Despite earlier suggestions, the Tron founder later denied having any ownership stake in Huobi and currently acts as a global advisor at the exchange.
Sun’s announcement coincided with a period where Solana (SOL) seems to be garnering substantial backing from institutional investors. Simultaneously, the entire crypto market is anticipating a potential bull run, fueled by the prospect of the US Securities and Exchange Commission (SEC) approving the first-ever spot Bitcoin ETF in the United States.
Also, it was previously highlighted that the Relative Strength Index (RSI) indicator for SOL price is bolstering the current upward momentum, indicating a potential move towards the $100 threshold in the coming days.
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