The cryptocurrency market was gradually recovering its momentum, with several of the leading digital assets registering positive gains. Notably, Shiba Inu [SHIB] and Solana [SOL] were drawing attention for achieving the most significant increases. While SHIB observed a notable surge of 10.30%, SOL experienced an uptick of more than 6%.
The significant surge in Solana’s value is unexpected. This was particularly due to recent news of its delisting from a prominent exchange. Bitstamp announced the removal of several assets, among them Axie Infinity [AXS], Chiliz [CHZ], Decentraland [MANA], Polygon [MATIC], NEAR, Sandbox [SAND], and SOL, from its platform.
The company announced that beginning on Aug. 29, Bitstamp will temporarily suspend trading operations involving a selection of these prominent tokens.
Bitstamp clarified that recent occurrences within the regulatory landscape of the United States shaped its decision. However, it refrained from providing detailed specifics. The firm further wrote,
“At Bitstamp, we have a comprehensive framework in place to continuously evaluate the cryptocurrencies we provide, taking into account the dynamic regulatory environment. Considering recent developments, we are making some changes to our crypto offerings—specifically for our customers residing in the United States.”
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Investors remain bullish about Solana
Along with the surging price of the asset, several were betting on a further uptick. According to data from Coinglass, investors were betting on more long positions as opposed to short positions on exchanges in the short term.
The chart displayed 52.54% of positions being in the long category, whereas short positions constituted 47.45%. Importantly, it’s worth mentioning that about $292.58K worth of short positions were liquidated within the previous 4 hours and a larger amount of $2.89 million within the last 24 hours.
Also Read: XRP, Solana, Stellar Crypto Products See Upto 60% AUM Hikes