DeFi Giant Dev Corp Snaps Up 47,200 SOL in Bold Move – Is a Solana Price Surge Imminent?

DeFi Dev Corp just dropped a bombshell – scooping up 47.2k Solana tokens in a single swoop. Market watchers are scrambling to decode the implications.

The whale move: Why this acquisition matters

When institutional players make moves this big, the market listens. This isn't just another portfolio rebalance – it's a statement. The question isn't whether this will impact SOL's price, but how much.

Solana's proving ground: Can it handle the heat?

The network's had its scalability challenges, but recent upgrades suggest it's ready for prime time. This vote of confidence from a major player could be the stress test – or coming-out party – SOL needs.

Meanwhile in TradFi land... bankers are still trying to explain why they missed the DeFi boat (again). The smart money's clearly betting on blockchain's future – and Solana's looking increasingly like a cornerstone of that future.

DeFi Development Corp. (NASDAQ: DFDV), a company focused on building a solana treasury strategy, has announced an additional acquisition of SOL. The U.S.-based company acquired an additional 47,272 SOL coins for about $7.03 million.

As a result, DeFi Development Corp now holds a total of 690,420 SOL coins, currently worth around $102.7 million. The company increased its SOL holdings by more than 64 percent in the past two months, which will be staked to ensure a steady yield income. 

2/ Key Metrics as of July 8, 2025

690,420 $SOL & $SOL Equivalents
$102.7M in value
17,402,299 shares outstanding
0.0397 SOL per share (SPS)
SPS value: $5.90

Note: shares outstanding is as of June 30, 2025.

Solana Network Gains More Institutional Investors’ Support 

The Solana network has attracted more crypto investors in the recent past, led by institutional investors. As Coinpedia has highlighted, the U.S. SEC has increased engagement with the fund managers seeking to offer spot Solana ETFs, thus signaling potential approval ahead. 

As a result of the rising demand from retail and institutional investors, on-chain data analysis shows that the Solana network has recorded more than 14.63 million active addresses in the past 24 hours.

What’s Next for SOL Price?

Solana price has established a robust support level in the past year around $125. Although the SOL price in the weekly timeframe has been forming a potential reversal pattern, the shorter timeframe suggests potential bullish sentiment.

$147.59 is one of the most important support levels for Solana $SOL! pic.twitter.com/5q0lcpHwrj

According to crypto analyst Ali Martinez, SOL price must hold above the support level around $149 to invalidate possible capitulation in the near term. In the four-hour timeframe, the SOL price has been forming a symmetrical triangular pattern after breaking out of a falling logarithmic trend.

A consistent rally above the resistance level around $157 will trigger a fresh bullish rally towards the next major liquidity level around $200.