Bloomberg has dropped a bombshell: top crypto funds Galaxy, Jump, and Multicoin are seeking to raise $1 billion specifically to purchase Solana (SOL) tokens.

This is undoubtedly the biggest positive news for SOL in recent times. While the market is generally volatile, top VCs are expressing their optimism with real capital. Once this enormous fund is in place, it will not only greatly enhance market confidence in SOL, but more importantly, it may alleviate the significant potential selling pressure from the SOL tokens in the FTX liquidation addresses.

These three are veterans of the SOL ecosystem, and their actions often signal the next major moves within the SOL ecosystem. This $1 billion is not just for tokens; it is a vote of confidence in the future of Solana. The narrative around SOL may be reignited.