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The founder of the equation bets on a recovery in the US stock market on Monday, go long SOL and XPL.
On October 12, Vida, the founder of Equation News, posted on his personal channel this morning, "I went long again for 4 million dollars of SOL at an average price of 175.8 dollars; 500 thousand dollars of XPL at an average price of 0.395 dollars. This is equivalent to 1/10 of my bullets. This position has no certainty, it's just a gamble. My bet is: the market will quickly recover after the US stock market opens on Monday, just like the unfavourable information that occurred every weekend before. The crypto market has averaged a 30% fall now, pricing in a 5% abnormal drop in the S&P 500 at Monday's opening, but if the S&P 500 doesn't drop as much as expected on Monday, then the sentiment will quickly recover."