Equation Founder Bets on Monday Stock Market Recovery, Long on SOL and XPL

BlockBeats News, October 12th. Formula News founder Vida posted on her personal channel this morning, stating, "I went long again with $4 million worth of SOL at an average price of $175.8; and $500,000 worth of XPL at an average price of $0.395. This accounts for 1/10 of my ammunition. This position has no certainty at all, it's just gambling. My bet is: the market will quickly recover after the opening of the US stock market on Monday, just like every bearish news event that has happened over the weekends before."

"Currently, the crypto market has dropped by an average of 30%, pricing in the abnormal 5% drop of the S&P 500 at Monday's opening. However, if the S&P 500 doesn't drop as much as expected on Monday, then the sentiment will quickly recover."