🌊 Solana Holds Steady Institutional Money Flows Into Liquid Staking
Solana maintains rising channel with $170 support.
To diversify its Solana treasury, DeFi Development Corp. used liquid staking token technology.
Canada-listed SOL Strategies filed a preliminary prospectus to fund $1 billion for Solana ecosystem infrastructure and investment.
On Thursday, Solana (SOL) traded at $172, up marginally. The SOL spot Exchange Traded Fund (ETF) approval delay has not slowed interest in the smart contracts token.
DeFi Development Corp's liquidity staking effort and SOL Strategies preliminary prospectus aim to fund $1 billion for Solana ecosystem infrastructure.
On Wednesday, DeFi Dev Corp., the first public corporation to accumulate and compound SOL, stated it will use liquid staking token (LST) technology. The program uses dfdvSOL, an LST reflecting a stake granted to DeFi Dev Corp. validators, to grow and diversify the company's SOL treasury.
LST technology lets users exchange staked SOL tokens for liquid tokens. This lets holders access staking benefits without losing liquidity.
Parker White, the Company's Chief Investment Officer, stated that dfdvSOL adds equity to our validators, increases SOL ownership, and strengthens our position as a long-term Solana ecosystem stakeholder.
SOL Strategies, listed in Canada, filed a preliminary short-form basic prospectus with the Canadian instruments Administrators to raise $1 billion in common shares, warrants, and other instruments over two years.
Solana is now trading at $172, holding around $170 support. The rising channel reflects SOL's positive attitude after the tariff-triggered slump to $95.30 on April 7.
SOL is above significant moving averages, from the 200-day Exponential Moving Average (EMA) at $163.58 to the junction of the 100-day and 50-day EMAs at $160.00. Traders may expect prolonged gains toward $200 if the moving average continues to track the SOL price advance.
#solana #Bitcoin2025 #SaylorBTCPurchase #TrumpMediaBitcoinTreasury $SOL
Yesterday, the @plumenetwork account announced that pre-deposited funds are being moved
Destination: @NestCredit's nALPHA vault, on Mainnet 🚀
$PLUME Alpha began on the 12th, the first step for the big RWAfi journey
The next step, Plume Genesis, is about to begin
Just to give you an idea of how big the nALPHA vault will be, here are some of the included protocol:
🔸 LiqudiStone by @credbullDeFi
🔸 nBASIS powered by @superstatefunds's USCC
🔸 @MineralVault_ American Oil and Gas stable income fund, tokenized by @PlumeArc
🔸 plrWHIN by Whinfell (risk adjusted asset with PIMCO PDI, Carlyle CCIF, and @SimplifyAsstMgt SVOL)
As Genesis goes live you'll be able to choose whether you want ot keep your funds in nALPHA or other vaults (and keep earning)
Or unstake it to get $pUSD
Send Maynet 🚀
I’ve been using Farcaster more lately, and if you're in crypto and want to see the space grow beyond just trading, I think you should too.
We're still in a small bubble compared to the broader tech or AI sectors. If we want crypto to break out, we need to support all founders, apps, use cases, and chains. As users, that’s the least we can do to help grow the pie.
When I see people tearing down apps or chains, it only sets us back and weakens our ability to influence the broader tech conversation. It’s better to stay open minded, experiment, and support new ideas because if crypto doesn’t grow, neither do we.