DeFi Development Corp Aims for $1 Billion Solana Treasury Expansion

In a bold move signaling strong confidence in Solana’s future, DeFi Development Corp (formerly Janover Inc.) has announced plans to raise up to $1 billion to acquire SOL tokens and operate validator nodes. This strategic initiative mirrors MicroStrategy’s aggressive Bitcoin accumulation approach, positioning Solana as a cornerstone of institutional crypto portfolios.

DeFi Development Corp Targets $1 Billion to Build Solana Treasury

DeFi Development Corp, formerly Janover Inc., is making a bold move into the crypto space with plans to raise up to $1 billion to acquire Solana (SOL) tokens and operate validator nodes. The Nasdaq-listed firm has already secured $48.2 million worth of SOL, mirroring MicroStrategy’s aggressive Bitcoin accumulation strategy.

The company filed a Form S-3 registration statement with the SEC on April 25, outlining its intention to use the proceeds for expanding its Solana holdings and network participation. This strategic pivot follows a management overhaul that brought in former Kraken executives, shifting the company’s focus from real estate financing to cryptocurrency investments.

Market observers note that recent Solana acquisitions have already positively impacted the firm’s stock performance. The ambitious $1 billion target signals growing institutional confidence in Solana’s ecosystem and validator economics.

Hackers Drain $7 Million From Loopscale and Term Finance DeFi Protocols

Solana-based Loopscale suffered a $5.8 million exploit on April 26, just two weeks after its launch, with attackers leveraging under-collateralized loans through a flaw in its RateX-based collateral pricing system. The breach impacted 12% of the platform’s total value locked, raising fresh concerns about DeFi security in 2025.

Co-founder Mary Gooneratne confirmed the isolated vulnerability, emphasizing that RateX itself remained uncompromised. The incident follows a broader trend of sophisticated attacks targeting nascent DeFi projects, particularly those built on high-throughput chains like Solana.

Solana Approaches Critical Juncture in May Amid Market Divergence

Solana’s price action hangs in the balance after a week of crypto-wide volatility. The network’s native token now trades at make-or-break technical levels, with analysts split between interpretations of the recent rally. Some view it as a mid-cycle correction, while others suspect an early bear market signal.

Market observer Inmortal suggests the next 30 days will prove decisive. Either SOL’s recovery marks a temporary bear market bounce or the first dip of a new bull phase. Macroeconomic headwinds loom as traders scrutinize every tick.

Solana (SOL) Faces Major Correction Risk After Losing Key Support

Solana’s recent price action signals potential trouble. The altcoin failed to hold above the 200-day exponential moving average NEAR $162, a critical level that historically separates bullish and bearish trends. This rejection comes after a strong April rally, now showing signs of exhaustion.

Technical indicators paint a concerning picture. SOL broke below its ascending trendline from late March, while rising selling volume suggests weakening demand. The Relative Strength Index’s downward trajectory from overbought territory further confirms growing bearish momentum.

Key support levels at $140 and $130 now become crucial battlegrounds. A breach could send SOL testing the psychologically important $120 zone, where both traders and algorithms may determine the next major move.