While Bitcoin (BTC) experienced a correction up to $ 65,000 in the correction that started yesterday evening, altcoins were also significantly affected by this correction.
At this point, altcoins generally experienced double-digit declines, while Solana (SOL) experienced relatively less decline.
While SOL has been a standout performer in the cryptocurrency market, defying the broader decline in the market, Binance’s announcement to integrate the Solana Network with the Web3 Wallet is behind this resilient stance.
While Solana’s situation attracted great attention from investors, especially in an environment of market volatility, analysts said that this situation not only emphasizes investors’ confidence in the project but also reflects optimism about Solana’s potential.
Binance included the following statements in its announcement:
“Dear Binance members,
Binance Web3 Wallet has completed the integration of the Solana network. With this update, users can now effortlessly manage and exchange tokens via Binance Web3 Wallet and access various dApps on the Solana network.
Newly added Solana-based dApps include: Drift, Dual Finance, Jito, Jupiter, Magic Eden, MarginFi, Orca, PsyOptions, Pyth Network, and Raydium. “
Solana, which has increased by 1% in the last 24 hours, 15% in the last 7 days and 46% in the last month, continues to be traded at $ 168 at the time of writing.
#Binance Web3 Wallet has integrated @solana!
Seamlessly manage and trade $SOL and get access to a range of dApps and upcoming airdrops.
Update the app and activate your $SOL wallet to try it out 👇
— Binance (@binance) March 15, 2024
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/binance-stopped-the-fall-in-solana-sol-price-heres-that-announcement/