Crypto options platform PowerTrade reports that traders are betting on a strong year-end rally in several altcoins, including SOL, XRP, TRUMP, HYPE, LINK.
XLM rallied 3% over 24 hours, buoyed by strong volumes and institutional activity, as major South Korean platforms temporarily suspend services to accommodate a key network upgrade.
98.27% of SOL stakers that voted approved the proposal, with only 1.05% voting against and 0.36% abstaining. In total, 52% of the network’s stake participated in the vote.
Yunfeng joins companies including SharpLink Gaming and Bitmine Immersion Technologies that have begun pursuing an ether treasury strategy in recent months.
The funding will be used to support SonicStrategy's treasury, validator operations, and blockchain investments, and can convert to common stock at $4.50 per share.
Analyst Mark Palmer reiterated his buy rating and $705 price target on the Michael Saylor-led company, which is more than a double from current levels.