Cathie Wood’s investment group, Solmate, beat the market by buying a big chunk of Solana last week during a sharp dip. The move came at a time when many crypto traders were pulling back after the token’s price slumped by more than 10 % in a single day.
Solmate, a high‑frequency trading firm linked to Stock X owner Cathie Wood, seized the opportunity to purchase Solana (SOL) at lower prices. Analysts say the firm saw a chance to gain a discount during the “drawdown” that saw the crypto market hit its lowest points at the weekend.
The team’s buying spree highlights how active traders can use sudden price drops to acquire digital tokens at better values. Since the purchase, Solana’s price has been slowly recovering, helping to lift the broader crypto market from its recent decline.
Investors and traders watching Solana and other digital assets will keep an eye on Solmate’s next moves and on whether the market will continue to bounce back from this latest correction.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in world News on Latest NewsX. Follow us on social media Facebook, Twitter(X), Gettr and subscribe our Youtube Channel.
