Solana’s ‘Operation Sindoor’ Token Strengthens Amid India-Pakistan Tensions!

Updated

May 9, 2025

Gambar Solana’s ‘Operation Sindoor’ Token Strengthens Amid India-Pakistan Tensions!

Jakarta, Pintu News – On Tuesday, as India and Pakistan engaged in a military confrontation, a Solana-based token by the name of ‘Operation Sindoor’ started gaining attention in the market.

Investors seem to be trying to capitalize on this momentum, with the token circulating widely on decentralized exchanges and experiencing gains of up to 24% with trading volumes reaching over $20,000.

Check out the full news below!

New Tokens Emerge After Attack

A number of newly created crypto assets, with themes such as “Operation Sindoor” and “Pahalgam,” have appeared on the Solana blockchain. Most of these tokens have low market capitalization and minimal trading volume.

Some of these, linked to “Operation Sindoor,” appeared just hours after India carried out precision strikes on terrorist camps in Pakistan.

Industry analysts have noted the lack of key indicators that demonstrate the legitimacy of these assets. Many tokens do not provide essential documents such as whitepapers, official websites, or active social media channels, which are usually expected from credible projects.

Crypto Market Reaction to Events

bitcoin price rose today — Generated by AI

Despite the attacks, the overall crypto market has remained stable today, while investor optimism is starting to rise again ahead of today’s FOMC meeting. There’s a 95% probability that a Fed rate cut won’t happen in this meeting, yet the market seems to see further than that.

Currently, Bitcoin price is trading up 3.43% to $96,988, with investors looking forward to a possible breakthrough to the $100,000 level and higher to new record highs. On the other hand, altcoins are also gaining momentum with major players up 3-5% today, pending the passage of crypto legislation by the US Senate.

Also read: Lee Jae-myung Promotes Pro-Crypto Regulations, Ready to Legalize Digital Asset ETFs!

Potential Risks and Advice for Investors

Major events in the market often create hype in the first few hours, with some market participants capitalizing on it. This is often seen with the launch of Solana-based meme coins (SOL) inspired by certain celebrities or events. However, liquidity usually dries up after the event has passed, and retailers are advised to exercise caution when following this trend.

Investors should be aware of the potential risks involved in investing in emerging and untested cryptocurrencies. It is important to conduct thorough research and consider advice from experts before making an investment decision.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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