On August 25, within a day, Solana was "bulk purchased" by Wall Street—six giants including Pantera, medical company Sharp, DeFi developers, and Galaxy simultaneously announced their accumulation of coins, with a total budget exceeding $3 billion, directly sending SOL trending.

1. Who bought it and how much

• Pantera: $1.25 billion—preparing for a reverse merger to transform a shell company into a "Solana version of MicroStrategy."

• Sharp Technology: $400 million—first securing $50 million in spot SOL, then issuing stocks + warrants for bundling, aiming to create the world's largest SOL treasury.

• DeFi development companies: selling stocks + warrants, with net proceeds all converted into SOL, focusing on "net asset value per share" to see a steady rise.

• Galaxy, Multicoin, Jump: jointly managing the largest SOL treasury in history, have engaged investment bank Cantor for the total package, with delivery scheduled for early September.

2. Why they are competing

1. Earn 7% effortlessly: staking SOL ensures stable annual returns, and they can also participate in on-chain governance, consolidating their influence.

2. The new main stage for stablecoins: USDC, USDT, PYUSD are all surging on Solana, with high TPS + low fees, covering all scenarios of micropayments and cross-border remittances.

3. Price script: analysts draw lines—$200 → $220 → $260 → $295, a V-shaped rebound is just a step away.

3. Summary in one sentence

Institutions are using real money to tell the market: Solana is no longer a "Meme Paradise," but the main battleground for the next round of stablecoins and high-performance public chains. Whether to follow the trend or stand by, you decide.