Solana’s Strategic $300M Treasury Boost: Institutional Confidence Sparks Rally

In a significant development for the solana ecosystem, BIT Mining has announced plans to create a $200-300 million SOL token reserve through phased capital raises. This strategic move positions the company among Solana's key institutional stakeholders and underscores the growing corporate interest in concentrated digital asset positions. The announcement, made on July 12, 2025, has already contributed to a noticeable rally in SOL's market value as institutional accumulation signals strong confidence in Solana's long-term potential. BIT Mining's CEO emphasized that this investment reflects their commitment to adaptive growth within blockchain's most promising ecosystems, particularly highlighting Solana's technological advantages and market position. This substantial treasury plan not only provides Solana with significant liquidity but also serves as a bullish indicator for the network's adoption trajectory among institutional players. The staged nature of the capital raises suggests a measured, long-term approach to building this strategic reserve, which could help stabilize SOL's market dynamics while providing sustained buying pressure. Market analysts view this development as part of a broader trend where institutions are increasingly taking concentrated positions in select digital assets with strong fundamentals, with Solana emerging as a preferred choice due to its high-performance blockchain capabilities and growing ecosystem.

Solana Rallies on $300M Treasury Plans — Institutional Accumulation Signals Confidence

BIT Mining unveiled plans to establish a $200-300 million SOL token reserve through staged capital raises, positioning itself among Solana's key institutional stakeholders. The MOVE reflects growing corporate appetite for concentrated positions in select digital assets.

"This strategic pivot aligns with our commitment to adaptive growth in blockchain's most promising ecosystems," said Bit Mining CEO Xianfeng Yang. Solana's development pipeline — including the Firedancer validator client and a new consensus algorithm — continues attracting institutional capital.

Market response was immediate, with SOL gaining 5% post-announcement. The accumulation trend underscores Solana's evolution from retail favorite to institutional-grade blockchain platform.

Solana Races Towards $180, Can Bulls Break Resistance?

Solana (SOL) is gaining momentum as it approaches the $165 resistance level, with traders eyeing a potential breakout to $180. The cryptocurrency is currently trading at $163.50, up 3.66% in the past 24 hours, while weekly returns stand at 8.71%. Trading volume has surged 35.91% to $6.55 billion, signaling strong market interest.

Technical indicators suggest bullish potential. The Relative Strength Index (RSI) at 61.16 indicates room for further upside before overbought conditions emerge. Open interest has climbed 3.8% to $7.62 billion, reflecting trader confidence in SOL's uptrend. A decisive break above $165 could propel the price toward $180, with $200 as the next major resistance.

Failure to sustain momentum may trigger a pullback to support levels at $140 or even $125. Market participants are closely monitoring these key thresholds for potential entry points. The breach of a Channel Down formation and positioning NEAR the 200-day Simple Moving Average (SMA) underscore SOL's technical significance in the short term.

Pump.fun Acquires Wallet Tracker Kolscan to Expand Onchain Trading Tools

Pump.fun has acquired Kolscan, a real-time wallet tracker renowned for monitoring top onchain traders, marking a strategic expansion into the crypto data and trading ecosystem. The deal enhances Pump.fun's capabilities in tracking wallet behavior, token profit and loss, and ranking trader performance—features that could redefine social trading experiences.

The integration aligns with Pump.fun's dominance in Solana's meme coin surge, where it has already generated over $600 million in protocol revenue. The acquisition signals a shift toward a more transparent, gamified trading environment, leveraging Kolscan's public leaderboard to spotlight high-performing wallets.

This move precedes the launch of PUMP, the platform's native token, which is already trading on Hyperliquid at a 40% premium to its ICO price. The timing underscores Pump.fun's ambition to merge speculative trading with community-driven analytics.

Nasdaq-Listed Upexi Secures $200M Financing with Solana Treasury Focus

Upexi (UPXI), a Tampa-based consumer brands company listed on Nasdaq, has secured approximately $200 million in new financing through a combination of equity and convertible note offerings. A significant portion of the proceeds will be allocated to growing its cryptocurrency treasury, with a specific focus on Solana (SOL).

The equity component raised $50 million from accredited and institutional investors, including CEO Allan Marshall, with shares sold at $4.00 each. The convertible notes, totaling $150 million, are backed by SOL as collateral and carry a 2% annual interest rate. These notes are convertible into Upexi stock at a fixed price of $4.25 per share and mature in 24 months.

Solana (SOL) has seen a 6.23% price increase in the past 24 hours, trading at around $166.28 at the time of writing. Upexi disclosed holdings of 735,692 SOL as of June 24, marking an 8% increase from the previous month.

Solana Eyes Breakout with Targets Up to $265 as Bullish Patterns Emerge

Solana (SOL) is signaling a potential breakout after weeks of consolidation, currently trading at $164.76 with key targets identified at $179, $205, $224, and $265. Technical analysts point to bullish formations, including a symmetrical triangle and range-bound setup, suggesting upward momentum.

The token has gained 4.33% in the past 24 hours, with trading volume reaching $21.52 billion and market capitalization expanding to $88.26 billion. This activity indicates growing investor interest as market Optimism returns.

A decisive break above the 50-day moving average could trigger a strong rally, potentially positioning SOL among 2025's top altcoin performers. Market observers note the classic range play pattern, where contact with the range low often precedes movement toward the range high.

Goblintown's Solana Memecoin Launch Faces Volatility Despite Anti-Sniper Measures

Truth Arts, creator of the Goblintown NFT collection, has ventured into Solana's memecoin arena with a token designed to address systemic flaws. The team claims six months of research went into mitigating common failure points—sniping bots, whale dumps, and misaligned incentives—through mechanisms like gradual token unlocks and a 2.5% transaction tax.

GOB tokens are being distributed to holders of Goblintown, Illuminati, and other partnered NFTs. Yet the coin has shed 60% since launch, with its market cap collapsing from $30 million to $7 million. Only 10% of the total supply is currently circulating, leaving room for volatility as unlocks progress.