Solana’s protocol upgrade SIMD-0266 has been approved, introducing a new “p-token” model designed to improve network efficiency and lower transaction costs. The mainnet deployment is projected for April. Market data shows immediate reaction, with increased whale accumulation and buyer dominance in futures markets as SOL’s price tests a key technical resistance level.
The protocol proposal SIMD-0266, introduced by engineers at Anza, has been approved according to a tweet. This upgrade introduces p-tokens, a new token model designed to improve compute efficiency across the Solana network.
The proposal seeks to lighten the computational burden associated with token transactions. If successful, the change could significantly lower transaction processing costs with a mainnet debut projected for April.
Market sentiment reacted quickly to the announcement. Spot Average Order Size data indicates an increase in order accumulation by whales at the current price range.
Large investors are taking early positions aligned with the upgrade announcement. At the same time, Solana buyers are dominating both spot and futures markets.
Future Taker Cumulative Volume Delta data points to increased buyer dominance over the last 24 hours. The alignment between whales and aggressive buyers usually strengthens short-term bullish momentum.
From a technical standpoint, SOL is testing a key resistance area where two factors converge. These are the 50-day exponential moving average and the upper boundary of a wedge resistance pattern.
A successful break above this confluence could signal an uptrend continuation. Early strategic whale order accumulation and surging buyer dominance send bullish signals to investors.
The introduction of compute-efficient tokens may add efficiency to the network. The focus remains on the wedge resistance and the 50-day EMA for a potential breakout.
