7h ago
Solana's SIMD-0266 p-token upgrade approved as SOL price nears key EMA and wedge resistance
Solana has approved the SIMD-0266 proposal, which introduces p-tokens to improve compute efficiency and potentially reduce transaction processing costs, with a mainnet launch targeted for April. As this upgrade approaches, large investors are accumulating SOL and buyers are dominating both spot and futures markets while the token tests a critical resistance formed by the 50-day EMA and the upper boundary of a wedge pattern.