On August 29, Binance sparked a flurry of speculation with a cryptic five-character tweet, “BNSOL.” This tweet quickly caught the attention of the crypto community, leading many to wonder if it hinted at a new partnership with Solana. As people tried to decode the message, Binance followed up with another tweet saying, “Coming Soon.” Shortly after, Bitget also got involved with a similar post.
Let’s explore what these exchanges might be up to.
Binance’s tweet on X (formerly Twitter) raised a lot of questions. The community began guessing what might be coming next, with some suggesting a new token launch in partnership with Solana, while others thought it might be a new liquidity product. Solana’s response, featuring an eyes emoji, only added to the mystery.
Was Solana hinting that something big is on the way or just teasing?
Following Binance’s post, Bitget also shared an X update: “Something big is coming (eyes emoji) #BGSOL.” This clarified that Bitget is not launching a token in collaboration with Solana. Instead, it seems like both Binance and Bitget are preparing to introduce a new product related to Solana.
Research on Solana Compass, a tool for analyzing Solana, reveals a page for BNSOL, which appears to represent Binance Staked Sol. This page shows data on Binance’s staked validator with a pool token supply of 12.98 SOL. This suggests that Binance and Bitget might be working on staking pools with Solana.
Though details are still vague, there are rumors that Binance and Bitget are developing a unique liquidity product involving hybrid staking. This would allow users to stake their Solana and earn rewards while keeping their assets unlocked—something not typically seen in crypto staking, where assets are usually locked for a set period.
While these clues offer some insight, we’re still waiting for official announcements from Binance and Bitget. If the rumored hybrid staking product comes to fruition, it could be a significant development, allowing users to hold and earn from their Solana without the usual restrictions.
Is Binance and Bitget’s partnership the beginning of something exciting? Solana investors, get ready!
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