Equation founder bets on U.S. stock market recovery on Monday, goes long on SOL and XPL
BlockBeats news, on October 12, Formula News founder Vida posted on his personal channel this morning, saying, "Once again, I went long on $4 million worth of SOL at an average price of $175.8, and $500,000 worth of XPL at an average price of $0.395. This is equivalent to 1/10 of my ammunition. There is no certainty in this position at all, I just want to gamble a bit. My bet is: the market will quickly recover after the US stock market opens on Monday, just like every time there has been negative news over the weekend before.
The crypto market has now dropped by an average of 30%, pricing in an abnormal drop of 5% in the S&P 500 at Monday's open. But if the S&P 500 doesn't fall as much as expected on Monday, then sentiment will quickly recover."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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