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Binance’s mysterious tweet “BNSOL” and Bitget’s “BGSOL” hint at new staking products with Solana.
The crypto community was abuzz on August 29, 2024, when Binance, a major crypto exchange, posted a mysterious tweet reading “BNSOL.” This brief message immediately ignited speculation on social media, with many questioning whether Binance was hinting at a new partnership with Solana.
BNSOL
— Binance (@binance) August 29, 2024Following this, Binance intensified the interest by tweeting “Coming Soon”. This added fuel to the fire, increasing curiosity among crypto enthusiasts. Bitget, another well-known exchange, quickly joined in with a similar tweet, amplifying the anticipation within the community.
The vague posts have given rise to multiple theories. Some community members believe Binance and Bitget may be preparing to launch a new token in collaboration with Solana. Others suggest a new liquidity product could be in the works.
In response, Solana added to the speculation by replying to Binance’s tweet with an eyes emoji. Solana’s gesture could trigger the community to stay vigilant or hint that more details are on the way.
👀
— Solana (@solana) August 29, 2024Bitget Joins Binance in Solana Staking Pool
As discussions continued, Bitget’s follow-up tweet provided a bit more clarity. Their post suggested that the exchanges might not be launching a token after all. Instead, the focus seems to be on introducing a new product based on Solana.
Something BG is coming 👀 #BGSOL
— Bitget (@bitgetglobal) August 29, 2024Bitget’s Tweet triggered further speculation, with researchers discovering a page on Solana Compass, a platform dedicated to Solana analytics, listing statistics for “Binance Staked Sol” (BNSOL). This page showed a staked validator with a pool token supply of 12.98 SOL, hinting that Binance and Bitget may have been working on creating staking pools.
Based on this evidence, it appears that Binance and Bitget are working together with Solana to introduce a groundbreaking liquidity product. This innovative solution could potentially allow users to stake their Solana tokens while maintaining full control over their assets.
Typically, staked crypto assets are locked for a specific period. This new method could change staking by enabling users to earn rewards without these usual restrictions.
Not Yet Official Announcements
Despite the mounting evidence, it is important to note that neither Binance nor Bitget has officially confirmed any details about this anticipated product. If true, this innovative product could revolutionize the staking landscape. It promises to offer users the best of both worlds: the ability to earn staking rewards while maintaining liquidity.
As we await further details, it’s clear that Binance and Bitget are poised to make a significant impact on the Solana ecosystem. Whether it’s a hybrid staking solution or something else entirely, the excitement surrounding these developments is undeniable.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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With over 3 years of crypto writing experience, Bena strives to make crypto, blockchain, Web3, and fintech accessible to all. Beyond cryptocurrencies, Bena also enjoys reading books in her spare time.
