Arthur Hayes has just joined the $SOL Treasury Advisory Committee formed by Upexi, sparking widespread buying frenzy across the Solana ecosystem.
Hayes is well-known not just as the co-founder of BitMEX, but as a crypto maximalist through and through. Now, his new role is to grow Solana’s treasury and guide the project’s long-term strategy.
Right after the announcement, interest around Solana-linked tokens jumped, sending $SOL 15% up on the daily chart. It’s not just trading coins, either. ICOs within the Solana ecosystem are also getting a lot of attention.
Snorter Token ($SNORT), for example, recently blasted past its $3M presale milestone.
We cover all about the Hayes wave and this Solana sniping bot below.
The Hayes Effect: Solana Pumps Overnight
Upexi has brought Arthur Hayes on as the first member of its advisory committee, seeking to attract more capital and shape its treasury strategy. The announcement was made on August 12 on Upexi’s official X account.
Upexi is a crypto treasury firm focused on maximising Solana’s growth and adoption. This upcoming collaboration could well serve its purpose, with Hayes helping position Solana as key infrastructure for the decentralised future.
As for the broader Solana ecosystem, it’s already feeling the aftershock. Hayes’ appointment to the Solana Treasury Advisory Committee has sent degens on a buying spree, pushing the entire SOL sector volume up 57% in the past 24 hours.
Caption: Source: CoinMarketCap
The news is a green light for degen liquidity to flow back into Solana-native assets. A towering figure in the altcoin space, Arthur Hayes is known for moving markets, and Solana-based coins are expected to benefit next from his brand value and expertise.
As of Wednesday, $SOL is also up by 23% on the weekly chart, with its price breaking past $200 for the first time since January. The coin’s market cap recently touched $108B.
Caption: Source: CoinMarketCap
Solana is often chosen for offering faster and more affordable alternatives to Ethereum-based apps, and that has got investors excited.
Naturally, as Solana makes its way to more treasuries, its ecosystem is also expected to benefit. And early movers are taking strategic positions in promising Solana projects at low costs before the next rally.
A top project that has caught the market’s attention is Snorter, a Telegram-native trading bot for Solana investors. Its $SNORT token recently surpassed a much-awaited $3M presale milestone.
Why Retail Investors Are Betting on Snorter Token ($SNORT)
Snorter Token ($SNORT) is building the Snorter Bot, a Telegram-based sniping bot that could help degens survive and thrive in the volatile meme coin market. The bot is already beta testing its Solana rollup, with Ethereum and other EVM chains next on the list.
Snorter puts its bot head to head against other big industry names like Bonk and Banana Gun, but promises faster, cheaper transactions (with fees at just 0.85%). Investors are particularly excited about Snorter’s innovative spin, which includes:
- Faster Execution: Built on custom RPCs for Solana, Snorter offers sub-second sniping.
- Rugpull and Honeypot Detection: 85% accuracy rate in beta with live alerts and trap filters.
- Copy Trading: Mirror top wallets with adjustable position sizing.
- Live PnL Tracking: Type /portfolio and boom, you see the whole story with no spreadsheet headache.
- Limit Orders: To more easily manage risk and lock in profits without being glued to your phone.
The $SNORT token powers everything within this ecosystem, from fee reductions to voting rights, and eventually cross-chain bridging.
As credible as heavy-cap cryptos are, they don’t have what it takes to 10X or 100X an investment. So, while institutions are busy loading up on big names like Bitcoin, Ethereum, and Solana, retail traders are turning to coins that can make a noticeable difference in their portfolio.
For small players, betting on small-cap coins – the ones that could write their rags-to-riches tales – is a key crypto investment strategy. This is why Snorter positions itself as a promising tool, especially as more capital flows into the Solana ecosystem.
The proof is in the pudding – the presale just blasted past $3M, even recording eyebrow-raising whale buys like $107K and $91K along the way.
With just 5% going towards staking rewards, and the current APY sitting at 143%, the project is likely going to see even more people joining soon.
Right now, the $SNORT token sells for just $0.1011, though the price is due to increase in less than 24 hours.
Check Snorter Token’s website for more details.
Conclusion: Smart Money is Circling Back to the Solana Ecosystem
Hayes’s appointment to Upexi reinforces the Solana ecosystem’s long-term credibility and puts a spotlight on tools and tokens building around the blockchain.
This month, Snorter Token ($SNORT) is the top pre-market token on Solana investors’ radar. Not just because of its upcoming Telegram bot that could change crypto trading as we know it, but also because this is the only chance investors get to grab $SNORT for a discount.
Investors can join the presale using $ETH or $SOL and enjoy dynamic staking reward. The price is set to rise with each new phase, so early participants lock in the best prices.
But as always, do your own research before making any crypto investment. This is not financial advice.