According to rob solomon, skepticism remains about the necessity of blockchain for solving digital identity, suggesting traditional methods like company letterhead and handwritten signatures as sufficient (source: rob solomon on Twitter, May 7, 2025). This skepticism may influence investor sentiment towards identity-focused blockchain projects, potentially increasing volatility for tokens such as Civic (CVC) and Ontology (ONT). Traders should monitor shifts in market perception and regulatory developments impacting blockchain identity adoption, as these factors can drive short-term price movements in related cryptocurrencies.

According to @sns, the Solana Name Service is launching a new token called $SNS, with 40% of the total supply distributed via airdrop to early and new supporters. This development solidifies Solana’s position in blockchain identity solutions and is expected to boost on-chain activity and liquidity on the Solana network. Traders should monitor $SNS listing dates and initial liquidity events, as significant trading volumes and volatility are likely around the airdrop and token launch. Increased integration of decentralized identity on Solana could also translate into higher transaction throughput and fees, benefiting the broader Solana ecosystem. (Source: @sns on Twitter, May 6, 2025)