The crypto community exploded tonight — when I first saw the news from Bloomberg, I confirmed it three times before I dared to believe: The three top institutions Galaxy Digital, Multicoin Capital, and Jump Crypto are actually teaming up to invest 1 billion USD in Solana!
This is not an ordinary investment, but the establishment of a dedicated fund, and there are even plans to backdoor into a publicly listed company, fully elevating the Solana ecosystem. More crucially, the Solana Foundation has already given its support, and even the established Wall Street investment bank Cantor Fitzgerald is stepping in as a financial backer.
This operation is so information-heavy that it keeps one awake at night.
First, let's clarify: How powerful are these three companies really?
Some people may not be familiar with these three institutions, let me briefly explain:
Galaxy Digital: Founded by Wall Street legend Mike Novogratz, managing over 35 billion USD in digital assets, accurately betting on ETH and SOL in the last bull market, achieving legendary status.
Multicoin Capital: A well-known "radical" in the circle, all in on Solana in 2020, earning dozens of times on SOL at its peak, boldly declaring at the project's lowest point that "Solana is Ethereum's only competitor."
Jump Crypto: Not only do they have money, but they also possess technical capabilities. When the Solana network experienced multiple outages, they stepped in to help maintain it, earning the title of Solana's "invisible guardian."
These three companies usually operate independently, and occasionally compete for projects, but now they suddenly join forces to invest 1 billion — as an industry veteran puts it: "This is not just a simple investment, but more like rallying the entire industry to support Solana."
What does it mean to pour 1 billion USD into Solana?
Don’t just look at the numbers, the details of this operation are frightening:
Establishing a dedicated fund: This is not about sporadic purchases, but about creating the "largest dedicated fund for Solana," which means that this money will all be directed towards the Solana ecosystem — buying tokens, investing in projects, and building infrastructure, providing comprehensive services.
Backdooring a publicly listed company: There are plans to take over an already listed company, effectively giving Solana a "Wall Street ID card." In the future, traditional funds wanting to buy assets related to Solana won’t have to take detours; they can simply buy the stocks of this company. This move is incredibly aggressive, equivalent to placing Solana directly into the baskets of U.S. stock investors.
Foundation endorsement: The Solana Foundation is not just casually nodding; many institutions were turned away during the last bear market when they sought cooperation. Their proactive support this time indicates that both parties have reached a deep consensus — there may be significant upgrades or collaborations that we are unaware of to be announced.
The current price of SOL is 200 USD, is this just the beginning?
When I saw the news, I specifically checked SOL's K-line:
Now firmly in sixth place by market cap, the price of 200 USD may seem low, but it is only a step away from the last bull market peak of 260 USD.
It has only risen 6.6% in the last 30 days, which is considered "turtle speed" among mainstream coins — this precisely indicates it hasn't been wildly speculated yet, and institutions have ample time to build their positions gradually.
More importantly, in the last bull market, SOL rose from $3 to $260, driven by an explosive ecosystem; this time, with 1 billion USD + a public company channel + foundation endorsement providing three major buffs, the potential is even greater.
People in the circle have already begun to calculate: If this 1 billion USD is accumulated over 6 months, it would require an average of 500 million USD worth of SOL to be acquired each month, which, based on the current circulation, would be enough to push the price above 300 USD.
What should ordinary people think?
Let me share a few heartfelt judgments:
Do not underestimate the determination of institutions: These three have experienced several bull and bear markets, and 1 billion USD is not a small sum; it will not be casually thrown around. Their willingness to heavily invest at this time surely means they have insights we cannot see.
The Solana ecosystem is set to soar: The fund's money will not only buy tokens but will also invest in smaller projects within the ecosystem. Those focused on Solana's DeFi, NFT, and Layer 2 projects are likely to be boosted — this is where ordinary people's real opportunity lies.
Beware of short-term volatility: After the news broke, some will certainly take the opportunity to pump and dump. If the market opens too high tomorrow, don’t rush to chase; if you really believe in it, it’s better to wait for a pullback and then gradually position yourself.
Lastly, let’s be honest: The crypto world has always been "institutions eat meat, retail investors drink soup," but this time the soup might taste particularly good. With 1 billion USD being poured in, even the splashes it creates will be enough for ordinary people to have a good drink.
(The news is still brewing, Galaxy Digital has not responded yet, so they probably have more tricks up their sleeves. I will keep an eye on the follow-up developments and will update immediately if there is new information.)
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