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šŸš€ Solana-Powered DeFi Stock Skyrockets 34% in a Week – Here’s Why

šŸš€ Solana-Powered DeFi Stock Skyrockets 34% in a Week – Here’s Why

Published:
2025-07-04 02:58:57
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Solana's latest strategic acquisition sends DeFi development stocks into orbit—proof that even in a bear market, money finds its way to the right blockchain.

The Catalyst: A single Solana wallet move triggers Wall Street's algo-traders to pile into niche DeFi equities. Who needs fundamentals when you've got momentum?

Behind the Surge: The 34% weekly gain mirrors Solana's own resurgence—turns out institutional money still chases scalability narratives, especially when ETH gas fees hit 'absurd' territory.

Cynical Take: TradFi investors finally discovering DeFi yields is like watching boomers learn memes—painfully late but hilarious when they FOMO in at the top.

Defi Development Corp Stock Soars 34% This Week After $2.7M Sol Buy

Source: Google Finance

The new purchase is one of the components of the overall treasury strategy of the company. In April, DeFi Development Corp announced a $1 billion plan to invest in Solana. Though an earlier SEC filing was withdrawn in June after the firm missed a report deadline, the firm seems to be in full steam.

On Wednesday, the company announced plans to raise $112.5 million through private placements, with the deal expected to close Monday. It plans to use $75.6 million for a prepaid forward stock purchase and the rest for corporate purposes, including buying more SOL.

Investors seem optimistic despite weak Q1 numbers, where net revenue dropped 30% year-over-year. In a July 2 shareholder letter, the company said it’s focused on protecting investor capital and riding out market volatility.

From a low of $18.47 on Wednesday to $24 on Thursday night, DFDV stock is now up over 2,733% year-to-date, though still 33% below its May peak of $35.53.

Also Read: BitMine Stock Soars 3,000% in Week After ETH Treasury Plan

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