Many companies are turning their attention to SOL.

The public company Janover (ticker JNVR on NASDAQ) acquired another 88,164 SOL for $11.5 million as part of its cryptocurrency treasury strategy. The company's total balance reached 251,842 SOL for $34 million (including staking rewards).

In the last 2 weeks, Galaxy Digital deposited 65,600 ETH ($105.48 million) on Binance and withdrew 752,240 SOL ($98.37 million).

Many are converting ETH to SOL and see greater potential specifically in SOL, which is reflected in its price.