Trader Eugene: Went Long on SOL with a Small Position

BlockBeats News, September 3rd, trader Eugene Ng Ah Sio posted on his personal channel, stating, "Initiated a small SOL long position attempt."

BTC has successfully reclaimed the $110,000 mark and is currently the strongest among the mainstream coins, so I decided to enter. With ETH losing momentum and mNAVs contracting (BMNR currently <1.1, SBET <1), I anticipate that market funds will flow into those newer and lighter-weighted coins.

If BTC falls below $110,000, I will quickly adjust or stop out."