Hong Kong’s MemeStrategy Makes Historic Investment in Solana, Betting on Long-Term Growth
In a landmark move for the cryptocurrency sector, Hong Kong-based digital asset company MemeStrategy has become the first publicly listed firm in Asia to invest in Solana''s native token, SOL. The company acquired 2,440 SOL tokens worth approximately $377,000 at an average price of $155 per token through open market purchases. This strategic investment underscores growing institutional confidence in Solana''s potential as a leading blockchain platform. Chairman and CEO Chen Zhancheng emphasized the long-term vision behind the move, highlighting Solana''s scalability and innovation as key drivers of its future value. As of June 2025, this development signals a bullish outlook for Solana amid expanding adoption in the digital asset space.
Hong Kong’s MemeStrategy Becomes First Listed Firm to Invest in Solana
MemeStrategy, a Hong Kong-based digital asset company, has made history as the first publicly listed firm in Asia to invest in Solana''s native token SOL. The company acquired 2,440 SOL tokens worth approximately $377,000 at an average price of $155 per token through open market purchases.
Chairman and CEO Chen Zhancheng framed the MOVE as a strategic bet on Solana''s long-term potential. "Solana stands as a leading blockchain project with applications spanning decentralized platforms, real-world asset tokenization, and AI-driven Web3 solutions," he stated. The transaction was executed via OSL Group, Hong Kong''s first licensed digital asset platform.
OSL''s Ryan Miller noted the significance of the partnership: "This collaboration with MemeStrategy marks a milestone in institutional adoption of digital assets." The trade underscores growing corporate interest in cryptocurrencies beyond Bitcoin and Ethereum, particularly among Asia-based enterprises.
Solana Gains 7% as Bybit Launches Solana-Based DEX Byreal
Solana''s native token SOL surged 7% in 24 hours following Bybit''s announcement of Byreal, a decentralized exchange built on the solana blockchain. The platform, set to launch by month-end, aims to merge centralized exchange liquidity with decentralized transparency.
Bybit CEO Ben Zhou revealed the project on X, highlighting features like MEV protection and low slippage. Byreal will compete with established Solana DEXs like Raydium and Orca, potentially driving significant volume to the network.
The price movement reflects market Optimism about institutional adoption, with SOL testing key resistance at $185. This development reinforces Solana''s position as a leading blockchain for high-performance decentralized applications.
Bybit Announces Solana-Powered DEX Byreal with Hybrid Trading Model
Bybit is venturing into decentralized finance with the launch of Byreal, a Solana-based decentralized exchange. The platform, set to enter testnet on June 30 and mainnet in Q3 2025, combines centralized exchange liquidity with decentralized transparency. CEO Ben Zhou highlights features like RFQ and CLMM routing to reduce slippage and enhance trade execution.
The move aligns with growing DEX adoption as users increasingly favor non-custodial solutions. Byreal''s hybrid model aims to bridge the gap between CEX efficiency and DeFi''s trustless nature, offering unique DeFi integrations alongside traditional trading functions.
CoinShares Joins Solana ETF Race as Institutional Interest Surges
CoinShares, Europe''s largest digital asset manager, has filed with the SEC to launch a spot Solana ETF, becoming the eighth firm to pursue exposure to SOL through regulated investment vehicles. The proposed fund would track Solana''s reference rate and list on Nasdaq, with Coinbase Custody and BitGo serving as custodians.
The June 13 filing follows a wave of similar applications from institutional heavyweights including Fidelity, 21Shares, and VanEck—the latter having kicked off the Solana ETF race earlier this year. Bloomberg ETF analyst Eric Balchunas confirms all eight filings arrived within a compressed timeframe, signaling accelerating institutional conviction in Solana''s blockchain infrastructure.
While custody arrangements allow for staking rewards generation, regulatory approval timelines remain uncertain. The coordinated push mirrors early patterns seen during Bitcoin and ethereum ETF adoption cycles, suggesting Solana is achieving benchmark asset status among allocators.
