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06/21 12:47

Solana dismisses ‘shilling’ narrative: Can SOL/ETH

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTXCommunity4thAnniversary Solana dismisses ‘shilling’ narrative: Can SOL/ETH eye an H2 breakout? Solana dismisses ‘shilling’ narrative: Can SOL/ETH eye an H2 breakout? source-logo ambcrypto.com 57 m image Traders rarely dismiss a sudden rally in a risk-off market as a random spike. That was the case with Solana [$SOL]. On the 20th of June, $SOL closed the day up nearly 5%, marking its strongest daily gain in almost two weeks. More importantly, the move helped Solana pull ahead of the broader large-cap altcoin market, which managed gains of only around 1.5%. As a result, $SOL showed clear relative strength, breaking above the $170 resistance level. But judging by the social media buzz, this rally wasn’t entirely out of the blue. In a post on X, influential crypto trader Ansem simply posted “Solana,” sparking a wave of excitement as traders piled in behind the call. Before long, the move snowballed into what many analysts described as a “shilling” event, with $SOL attracting fresh speculative interest across social media. Source: X In fact, the debate over whether $SOL was being pushed by paid influencers grew loud enough for Solana to address it directly. Responding to the chatter, the official Solana account posted: If you weren’t here, it will feel coordinated. If you were here, you knew all along. In other words, Solana dismissed the idea of a paid promotional campaign, arguing that the sudden surge in support came from its existing community rather than coordinated marketing efforts. And looking at the charts, that argument has some merit. The $SOL/$ETH ratio jumped 4.6%, marking its strongest single-day gain in nearly three weeks. In doing so, Solana significantly outperformed Ethereum [$ETH], suggesting there may be more behind the rally than just hype. As a result, the market is increasingly re

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