Grayscale Solana Trust (GSOL) Nears All-Time Highs, $1,300 SOL Price Target on Horizon

• Nic Puckrin has spotted a crucial signal that could push Solana’s price to $1,300.
• Institutional buyers are willing to gain SOL exposure at an implied price of over $1,300.
• Solana’s recent rebound restored investors’ confidence in the altcoin.

Coin Bureau CEO Nic Puckrin has identified a crucial signal that could propel Solana’s price to $1,300. In a recent post, Puckrin revealed that the Grayscale GSOL trust is trading near all-time highs and at seven times the Net Asset Value (NAV).

$SOL to $1,300??

The Grayscale GSOL trust is trading near all time highs & at 7x the NAV.

These institutional buyers are willing to gain $SOL exposure at an implied price of over $1,300 pic.twitter.com/U65KU9WT5F

— Nic (@nicrypto) July 23, 2024

According to Puckrin, institutional buyers are willing to gain SOL exposure at an implied price of over $1,300. He supported his position by attaching a performance chart of the digital asset to his post, showing the asset’s market price as of July 22 was $524.49, while its NAV per share was $68.40.

Puckrin’s observation comes amid growing bullish sentiment for Solana. This follows a significant rebound after a recent pr…

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