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SATL Breaks Higher on Major Contract Win
SATL just posted a solid +20% rally, riding momentum from a significant institutional partnership. Trading volume hit its peak since mid-October—second highest in the token's entire history.
What triggered the move: The project inked an $18 million agreement with Portugal-based CEiiA to supply high-resolution NewSat Mark satellite systems. This marks a tangible commercial milestone, shifting SATL from speculative asset to one with real-world deployment utility.
The numbers tell the story. That jump in volume signals genuine institutional and retail interest stepping in simultaneously. Mid-October saw previous peaks, but this time the catalyst is concrete—an actual contract, not just hype. The satellite tech play continues gaining traction in the space sector narrative, and SATL's execution on procurement agreements is giving holders something to point to.