Solana’s $2B Corporate Treasury Play: Rocket Fuel or Empty Hype for SOL?

Solana’s backers are betting big—$2 billion big—with a corporate treasury move that could send SOL soaring… or leave it stranded on the launchpad.

The Treasury Gambit

Dumping billions into a token’s own ecosystem isn’t new—just ask the Bitcoin maximalists clutching their hard forks. But Solana’s play turns the treasury into a defi cannon, aiming to boost liquidity, fund grants, and maybe—just maybe—trigger a supply shock.

The Bull Case: Liquidity Tsunami

More institutional cash sloshing around Solana’s ecosystem means more developers, more apps, and—if history repeats—another run at its ATH. Traders are already front-running the news like it’s a meme coin presale.

The Skeptic’s Take

Corporate treasuries love talking about ‘strategic reserves’ right before the CFO dumps tokens to cover payroll. If this turns into a slow-motion sell-off, SOL’s ‘supply shock’ could look more like a supply shrug.

One thing’s certain: in crypto, even a $2B bet is just another Tuesday.

SOL treasury explodes

Like BTC, SOL corporate treasury has picked up momentum, with some analysts claiming it’s the hottest ‘meta’ in this cycle.

In fact, SOL Strategies has 395,0078 SOL stash with 3.5 million of total delegated SOL for their validator operations as of the 6th of May. 

Meanwhile, DFDV has bought 609,233 SOL in two months. Another firm, Upexi, a U.S.-based brand and consumer-focused company, has increased its holdings to 679,677 SOL, acquired at $96.5 million. 

If the trend continues and $2B flows into the asset, SOL’s value may appreciate. For perspective, SOL recovered from $100 to $173, marking a 72% gain.

Over the period, capital inflows into the asset, as tracked by realized cap, surged from $74.5B to $79.6B. That’s over $5B inflow. 

Source: Glassnode 

Assuming everything remains constant and follows the Q2 recovery, $2B capital inflows could drive a +30% rally for SOL. 

However, solana co-founder Anatoly Yakovenko was worried about the SOL treasury companies’ model, especially in low-interest rate environments, tax obligations, or massive inflation. 

That said, SOL price has cooled off slightly after massive profit-taking in mid-May that hit $737M, per Realized Profit indicator.

Historically, spikes in profit-taking (selling pressure) have marked local price peaks, as seen in November 2024 and January 2025.  

Source: Glassnode 

But the indicator has declined at the end of May, suggesting that SOL may attempt to push higher amid relatively low selling pressure. But a negative Funding Rate (or low interest) may complicate matters. 

On the price charts, however, SOL was at a pivotal point that could lead to a short-term rally or an extended correction.

Notably, the 12-hour RSI rested on the neutral level, and price action was above the key short-term moving averages (EMAs). 

Source: SOL/USDT, TradingView 

If the rally extends, a dip to $168 or $160 (two WHITE levels) would be a great buying opportunity, eyeing the $180 target.

But a sustained drop below the 100-period EMA and 200-period EMA, WOULD be a warning bearish signal.