– Tether-backed USDT0 launches tokenized gold XAUT0 on Solana – Gold prices reach all-time high of $4,200 – Solana’s RWA asset value surges 35.3%, totaling $686.3 million – SolanaFloor highlights access to $170 billion unified liquidity – Solana price dips 5% amid market turbulence and Alameda sell-off fears
Tether's New Tokenized Gold Asset on Solana
- Tether-backed USDT0 has launched XAUT0, a tokenized gold asset, on the Solana blockchain.
- This aligns with gold hitting a record high of $4,200, influenced by rate-cut expectations and Real-World Asset (RWA) tokenization.
- Solana's tokenized asset value surged by 35.3% in the last 30 days to $686.3 million, placing it seventh in the RWA sector.
- USDT0 listing provides access to over $170 billion in unified liquidity across more than 12 chains.
Solana Price Performance
- Despite Tether's initiative, Solana's price showed limited movement, trading at $195.8, down 5% daily.
- Trading volumes decreased by 31% to $9.9 billion.
- Bitcoin's retreat below $110,300 affected market sentiment.
- An $88,131 SOL transfer to Coinbase by Alameda Research suggested a potential sell-off, impacting Solana's price.
Solana Price Forecast
- Solana is in a retracement phase after recovering from below $180.
- The 14-day RSI is at 43.7, indicating reduced bullish strength but not oversold conditions.
- The Parabolic SAR signals a continued downtrend unless Solana surpasses $213 and reaches $230.
- Failure to reclaim $213 could lead to further declines toward $181 or even $160 if market sentiment worsens.
