Solana’s Bullish Momentum: DeFi Development Corp Expands SOL Holdings with $2.7M Purchase

In a significant MOVE underscoring confidence in Solana's long-term potential, Florida-based DeFi Development Corp (DFDV) has expanded its SOL treasury with a $2.72 million purchase of 17,760 tokens. The acquisition, executed at an average price of $153.10 per SOL, highlights the firm's strategic focus on compounding holdings and staking rewards. As of July 2025, DFDV now holds a substantial 640,585 SOL and SOL equivalents, reinforcing its bullish stance on the blockchain's fundamentals. This development signals growing institutional interest in Solana's ecosystem and its future growth trajectory.

Solana Treasury Firm Expands SOL Holdings and Staking Strategy With $2.7M Purchase

Florida-based DeFi Development Corp (DFDV) has bolstered its solana (SOL) treasury with a $2.72 million purchase of 17,760 tokens, signaling strong confidence in the blockchain's fundamentals. The acquisition, executed at an average price of $153.10 per SOL, aligns with the firm's long-term strategy of compounding holdings and staking rewards.

DeFi Dev Corp now holds 640,585 SOL and SOL equivalents, valued at approximately $98.1 million. The company's SOL-per-share metric stands at 0.042, translating to roughly $6.65 per share based on current prices. All newly acquired SOL will be staked across multiple validators, including the firm's own infrastructure, to earn yield and reinforce Solana's network decentralization.

As the first public company to center its treasury strategy around Solana, DeFi Dev Corp is actively engaged in DeFi opportunities and ecosystem participation. This move underscores institutional momentum for SOL as a Core treasury asset.

Solana Price Analysis: Institutional Demand Tests Bearish Sentiment

Solana (SOL) faces a pivotal moment as institutional interest collides with persistent technical weakness. The altcoin, trading NEAR $152.83, has declined 3.2% over 30 days while struggling below its 50-week moving average since March. A developing head-and-shoulders pattern and bearish RSI divergence suggest caution, though a weekly close above $189 could invalidate the downtrend.

DeFi adoption and SEC discussions around spot SOL ETFs highlight growing institutional validation. Trading volumes averaging $4.6 billion daily demonstrate robust liquidity, with the network's fully diluted valuation holding at $92.3 billion despite recent pressures. Market participants now weigh technical risks against fundamental momentum as Solana approaches a potential inflection point.

Solana Achieves Record Validator Participation and Transaction Volume

Solana's network health report reveals unprecedented validator engagement, with 74% of staked SOL participating in the SIMD-228 proposal vote—the highest turnout in the blockchain's history. Three validator clients now operate on the network, including the newly launched Frankendancer by Firedancer, enhancing both performance and decentralization.

Daily transaction volume consistently exceeds 200 million, while decentralized exchanges process up to $39 billion daily. Validator rewards reach $800 million quarterly, offering 7.5% annualized returns. Developer activity remains robust with over 3,200 monthly active contributors.

The network has maintained uninterrupted uptime for 16 consecutive months, including during periods of extreme activity spikes. Two additional validator clients are currently in development, further strengthening Solana's security infrastructure.

Solana’s Backpack Exchange Faces Post-Maintenance Trading Glitches

Backpack, a Solana-based exchange, encountered significant operational issues following scheduled maintenance on July 3. The platform halted trading at 10 a.m. UTC and reopened two hours later, but users reported incorrect futures orders and balance discrepancies upon restart.

CEO Armani Ferrante acknowledged a programming error, calling the incident unacceptable. One trader saw a $104,000 withdrawal request revert to 891 SOL, while margin debits inexplicably tripled. Another user reported long positions flipping to short without audit trails.

The exchange had implemented a post-only mode during transition—allowing order modifications but blocking executions—yet failed to prevent the cascade of errors. Ferrante pledged compensation reviews as affected traders manually unwound positions at personal cost.

Japan's Minna Bank Explores Stablecoins on Solana in Fireblocks-Led Study

Minna Bank, Japan's first digital-only bank, is piloting stablecoin and wallet use cases in collaboration with Fireblocks, Solana Japan, and TIS. The study will assess the issuance of stablecoins on Solana and explore real-world applications, including cross-border payments and asset trading.

Japan's move reflects growing global interest in stablecoins as institutions seek faster, cheaper alternatives to traditional banking systems. The initiative will also evaluate how Web3 wallets can enhance user experience in digital payments.

Solana Price Eyes $300 as Derivatives Metrics Turn Bullish

Solana (SOL) has broken free from a six-week downtrend, signaling potential for a significant upward trajectory. Analysts suggest a daily close above $140 could pave the way for a rally toward the $280–$300 range last seen in March.

Derivatives data reveals a 17% surge in trading volume to $14.7 billion, with open interest climbing modestly to $6.94 billion. Positive funding rates indicate sustained demand for long positions, while short sellers suffered $8.3 million in liquidations—outpacing longs by nearly 3-to-1.

The market structure appears favorable for bulls, with minimal resistance until the $160 level. A decisive break above this threshold could accelerate momentum toward $180, potentially triggering a broader short squeeze.