Solana News: SOL Global Completes Reorganization to Focus Exclusively on Solana Ecosystem

In a significant move that underscores the growing importance of the Solana blockchain, SOL Global Investments Corp. has completed a strategic reorganization to focus exclusively on Solana-related investments.

Sol Global Completes Strategic Reorganization and Focuses on Solana Ecosystem

SOL Global Investments Corp., one of the first publicly traded companies focused on institutional Solana investments, has announced the completion of its strategic reorganization. The Company has transferred all non-Solana assets and certain liabilities into a newly formed entity. This reorganization aims to enhance business focus on blockchain innovation, including its significant position in Solana.

FTX and Alameda Wallets Unstake 3 Million Solana Tokens

FTX and Alameda Research have unlocked and distributed over 3 million Solana (SOL) tokens, valued at approximately $431.4 million, across 37 wallets. This marks their largest SOL unlock since November 2023 and coincides with FTX’s creditor repayment process, which began on February 18. The ongoing token unlocks could impact market sentiment, with more similar events expected in the coming months. The move has renewed concerns over potential market impact as the firms continue their asset liquidations.

Best Presales to Buy Today – High-Potential Options

Crypto prices may be falling, but it’s a good time to explore high-potential presales. Unlike the broader market, presales remain insulated from volatility, with tokens offered at fixed floor prices. The best presales often raise millions before launch, ensuring strong liquidity and momentum. Solaxy ($SOLX) is one of the most promising presales available right now, representing a trailblazing Layer 2 scaling protocol exclusively for Solana.

SafeMoon Surges Over 50% As SFM Token Migrates to Solana

SafeMoon, the cryptocurrency that faced allegations of fraud in the past, is now undergoing a significant transformation. The project is migrating from BNB to Solana and is being restructured into a Decentralized Autonomous Organization (DAO). The token has surged over 50% following this news. The original leads of SafeMoon were accused of billion-dollar fraud by crypto sleuth Coffeezilla, but the Department of Justice is prosecuting these leaders, and the project is now under new management.