Former Kraken CLO says Solana fulfills its promise made by Ethereum “nearly ten years ago”

Solana's SOL faces a key test at $238, with analysts highlighting that it could hit a new high. Former Kraken Chief Operating Officer Marco Santori announced the launch of Solmate, a new UAE infrastructure powered by Ark Invest, and called the digital treasury a “capital accumulation machine.” Analyst Rekt Capital pointed out that SOL has broken through the long-term downtrend and is retesting the support level of $238, and successfully holding it will open an all-time high. Trader KALEO believes SOL may break $1,000. Technical analysis shows that buyers hold $245, sellers set limits around $253; if they break through $253, they may target $255-260, and if they fall below $245, they may test $238.