Wall Street Dumps $509.9M Into Solana Treasury—Is This the Ethereum Killer?

Solana’s institutional war chest just got a half-billion-dollar boost—and the new ’Solaxy’ fund might be the catalyst that finally flips the script on Ethereum.

• The play: Big money bets on Solana’s speed and lower fees, while ETH maxis cope with gas fees that could fund a small moon mission.

• The punchline: TradFi finally found a crypto it likes… as long as it’s wrapped in hedge fund paperwork.

SOL Strategies’ Solana Treasury Grows to $540M+

SOL Strategies currently holds $40.4M worth of $SOL and secured an additional $500M on Wednesday, bringing its total holdings to $540.4M.

Much of this $SOL will be locked into the network. It’ll enhance Solana’s stake participation, boost network security, and lower the token float – each of which could significantly raise the token’s price.

On the same day, DeFi Development Corp purchased $9.9M worth of locked $SOL through BitGo’s over-the-counter desk. While not yet transferable on-chain, the assets were acquired at a discount. This way, the firm was able to expand its long-term Solana treasury to a commendable $48M.

$SOL Jumps 20% as Buying Pressure Heats Up

Supported by these recent institutional inflows and buoyed by favorable market sentiment, $SOL is up by 20% in the past two weeks, outpacing both $BTC and $ETH.

These large-scale capital commitments signal strong confidence in Solana’s long-term potential. Given Ethereum’s lagging performance, some investors and firms even say that $SOL could outperform $ETH as the second-largest crypto.

‘Solana looks to be eating Ethereum’s lunch. As more investors tire of waiting for Ethereum to perform, they’ll likely defect to Solana, and that will increase demand for the coin.’ – Nasdaq.

With $SOL’s Relative Strength Index (RSI) at 66.54, this viewpoint might not be a far cry. The technical indicator reflects intense buying pressure and market confidence as the asset edges close to overbought territory (70).

Solana’s Network Speed Isn’t Without Its Woes

But despite Solana being broadly known for its high speed and low fees, it isn’t immune to a common key vulnerability: Network congestion during peak demand.

As adoption grows, often driven by the best meme coins, DeFi protocols, and – now – major institutional investment, Solana’s throughput might hit its limits (again!).

Look at when Donald and Melania Trump launched their official meme coins – $TRUMP and $MELANIA – in mid-January, for instance. No new transactions were recorded on SolScan for thirty minutes, which highlighted significant network congestion.

Such an incident suggests that Solana needs stronger infrastructure to handle unpredictable traffic surges. Thankfully, Solaxy is being built to solve this problem.

Solaxy to Step In When Solana Stalls

By offloading transactional volume and processing micro-transactions off-chain, Solaxy will prevent congestion-related failures like those seen during the Trump token launches.

Its native token, $SOLX, is the gateway to this upcoming L2 network.

It’ll also enable seamless cross-chain transfers between Solana and Ethereum. This way, you can easily move your assets across two major platforms and gain access to a wider user base.

Consequently, $SOLX is currently one of the best crypto presales to invest in right now, having already attracted over $31.5M.

Beyond its L2 innovation, the $SOLX presale attracts attention with its high-yield staking opportunity, which offers 129% APY. A substantial 25% of the token supply is set aside for such rewards.

Considering that an additional 30% of its supply cap is also allocated for development, sustained growth for the Solaxy ecosystem is in sight.

Buy $SOLX to Help Solana Flip Ethereum

As institutional confidence in Solana grows, and an additional $509.9M pours into Solana treasury incentives, it’s evident that $SOL is becoming a serious contender against $ETH.

However, with greater momentum comes greater demand, and the Solana network has a history of feeling the pressure.

Luckily, this is where Solaxy enters the picture. As the first Solana L2, it could be the gateway to Solana’s long-term resilience and overtaking $ETH in market dominance.

But for Solana to reach this next level, scaling efficiently while maintaining top performance under pressure, supporting the Solaxy ecosystem matters.

To actively participate in the infrastructure that has what it takes to boost Solana’s future, you can buy $SOLX on presale for just $0.001704.

Solaxy’s launch is predicted to push its price to $0.032 by the end of the year, a 17x increase compared to its current value, so there’s no better time to join.

Disclaimer: This is not financial advice. Crypto investments are volatile and carry risks. You should never invest more than you’d be sad to lose.