Amid the surging price of Solana, the Tronlink wallet team is investigating integration with the crypto, according to Justin Sun.
In light of the 61% increase in the price of Solana (SOL) since December 1, 2023, Tron founder Justin Sun provided an update that may further increase the liquidity of the Solana blockchain. Due to the recent surge in the price of Solana, its market capitalization narrowly surpassed that of Binance Coin (BNB).
Solana And Tron Wallet Linkage
On Friday, December 22, 2023, Sun intended to incorporate the Tron wallet into the Solana blockchain. Tronlink’s website states that the wallet supports over 100,000 tokens and has a global user base of over 10,000,000. Justin Sun stated while tagging Solana Labs co-founder Anatoly Yakovenko and Solana co-founder Raj Gokal on the X platform,
“Tron Wallet is exploring the integration of the Solana blockchain. What are your thoughts on this potential collaboration?”
Reports had previously linked Sun, to the cryptocurrency exchange Huobi Global. Justin Sun acquired the cryptocurrency exchange for an estimated $1 billion in 2022 after the divestiture of a majority stake by shareholder Leon Li. however, the founder of Tron refuted having any ownership in Huobi. At present, the founder of Tron is an advisor to the exchange on a global scale.
Does Solana Cost $100?
Sun’s announcement coincided with when Solana (SOL) garnered substantial backing from institutional investors. In addition, the potential approval of the first-ever spot Bitcoin ETF in the United States by the US Securities and Exchanges Commission (SEC) is sparking a possible bull run in the cryptocurrency market as a whole.
As previously reported, the Relative Strength Index (RSI) for the SOL price is demonstrating momentum in the direction of surpassing the $100 threshold within the next few days, thereby providing support for the ongoing price surge.
