BITPRISMIA
The planned SPAC deal for Accelerate, a Solana treasury firm led by Joe McCann, has collapsed, raising questions about the future of crypto SPACs and Solana's ecosystem.
Accelerate, a Solana-focused hedge fund led by Joe McCann, aims to raise $1.51 billion to become the largest Solana (SOL) holding treasury firm, potentially acquiring 7.32 million SOL tokens.