Bitcoin mining company Bit Mining surged 350% in pre-market trading after announcing plans to pivot into the Solana ecosystem.
Bit Mining intends to raise $200-300 million to build a Solana token treasury, convert crypto holdings to SOL, and operate validator nodes on the network.
Solana's price broke above a bullish pattern, attracting whale traders, with key resistance at $159 and liquidation clusters influencing short-term price direction.
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