SOL's Recent Ecosystem News Could Push It To New Highs
Bitcoin might be hogging the headlines lately especially with the Trump administration pushing for its adoption as a reserve currency. However, other tokens, Solana in particular, have been on fire with a wave of investment activity. Recently, two major moves involving SOL happened, and each one of them was tied to a $100 million investment.
GSR, a well-known investment firm, led a $100 million private investment in public equity (PIPE) deal with UPEXI. UPEXI, which is a brand development company, now has most of the new funds aimed at building a SOL treasury strategy.
Meanwhile, Galaxy Digital, the firm owned by Michael Novogratz, also made Solana headlines. It traded $100 million worth of ETH for SOL on Binance. This process was so large that it took two weeks to complete. In the end, they exchanged 65,600 ETH for 752,240 SOL. With these developments, it is no surprise that SOL has done around an average 7.85% price jump in the past week.
