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šØ BREAKING šØ GRAYSCALE HAS TRANSFERRED 4405.84 BTC WORTH $316.4 MILLION TO COINBASE https://t.co/2WFMcH5fTe
Update: The alpha has emerged that the quoted @Grayscale factor of 0.377 implies 0.377 of the token per each @Grayscale share. This implies: $540 for 0.377 $SOL = $1430 per $SOL Thats almost an exact 10x markup???? š Thoughts? https://t.co/d6WFJRwwtE
Some $GSOL math: Based on the 0.377 $SOL per $GSOL share factor published on @Grayscale site: $540 * 0.377 = $203.58 current $SOL price on Grayscale which is a 29% markup on the spot price on @binance https://t.co/C2WfaBGxub
Grayscale's Solana Trust, represented by $GSOL, is experiencing a significant premium with institutions paying up to 873% above the spot price for SOL tokens. This premium translates to around $1412 per SOL, far exceeding the actual market value. The premium has reached an all-time high of 873%, with each $GSOL share representing 0.377 SOL tokens. This premium has led to a current price of $203.58 for SOL on Grayscale, marking a 29% markup on the spot price. The situation has sparked speculation about potential undisclosed institutional activities related to Solana.
