Following up on my post - JTO was the more obvious play, as confirmed by price action over the last 24h.
CLOUD is one of the less obvious ones, but worth paying attention to. Solid info below, and importantly no unlocks until the end of next month, so supply shouldn’t be a headwind near term.
$CLOUD coded
$1.8b tvl and a $127m fdv, while the first liquid staking etf prospectus was filed last week specifically mentioning solana lsts and jitoSOL
they’re also provider of bnSOL which is binance’s solana liquid staking product - happens to be one of the fastest growing sol lsts currently account for about 20% of liquid staked solana after launching only the end of last year
biggest blocker for me is the low float / supply situation - if I was the sanctum team I would be engaging my cap table and trying to find bullish liquid funds to absorb the supply
so much room for growth in this vertical with only 7% of staked solana in lsts compared to ~40% of staked ETH, think if the solana eco recent underperformance ends this is one of the fastest horses
@0xGumshoe feel free to correct us on anything above.
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