Market capitalization: $77.9 billion
Solana is not just another blockchain, but a true high-speed highway in the world of cryptocurrencies. With impressive throughput, minimal fees, and a growing ecosystem of dApps, SOL attracts both ordinary users and major players.
But the big news: DeFi Development (formerly known as Janover) has just acquired additional SOL tokens worth $9.9 million through the over-the-counter (OTC) department of BitGo!
What does this mean?
🗣The company now owns an impressive 317,273 SOL (approximately $48 million)
🗣Acquiring locked tokens at a discount indicates a long-term strategy
🗣Choosing an over-the-counter deal (OTC) through BitGo indicates a desire to avoid impacting the market price
🗣DeFi Development is deliberately increasing its presence in the Solana ecosystem
Milestones for the deal:
📈 Growth above $156 – opens the way to $173
📉 A drop below $142 – could send it to the $125 mark
Output: Institutional interest in SOL continues to grow, which could have a positive impact on the price in the long term. Solana remains a favorite among large investors due to its technical prowess and growing ecosystem.
