Solana’s Institutional Backing Strengthens as DeFi Dev Corp’s $19M Purchase Sparks $230 Price Target
In a bold move underscoring growing institutional confidence, DeFi Dev Corp has acquired an additional $19 million worth of solana (SOL), bringing its total holdings to nearly 1 million tokens. This strategic accumulation coincides with bullish market sentiment projecting a $230 price target for SOL, fueled by its robust decentralized finance (DeFi) ecosystem. The purchase highlights Solana's increasing appeal as a high-performance blockchain platform, with its scalability and low transaction costs attracting major investors. As of July 2025, SOL's price momentum continues to draw significant attention from both institutional and retail participants, signaling potential for further upside in the evolving crypto landscape.
DeFi Dev Corp's $19M Solana Purchase Fuels $230 Price Prediction
DeFi Dev Corp has significantly increased its Solana holdings with a $19 million purchase, bringing its total SOL stash to nearly 1 million tokens. This aggressive accumulation comes as market observers eye a potential $230 price target for the asset.
The MOVE signals growing institutional confidence in Solana's ecosystem, particularly within decentralized finance applications. SOL's price momentum is drawing heightened attention from traders anticipating further upside.
VitaminAi Partners with CHUCKLE Memecoin to Enhance Solana's Meme Ecosystem
VitaminAi, a Web3 AI-agent platform, has teamed up with Solana-based CHUCKLE Memecoin to drive meme-led innovation in the blockchain space. The collaboration aims to transcend typical pump-and-dump dynamics by combining utility, community engagement, and humor.
CHUCKLE distinguishes itself through transparency and veteran developer backing, positioning memes as tools for viral growth rather than speculative hype. The partnership underscores Solana's expanding role as a hub for culturally-driven crypto projects.
DeFi Development Corp Nears 1 Million SOL Milestone as Solana Surges 12%
DeFi Development Corp, a Nasdaq-listed firm, is on the verge of amassing one million Solana (SOL) tokens in its treasury after a $198 million purchasing spree. The company acquired 141,383 SOL between July 14 and July 20, bringing its total holdings to 999,999 tokens. The purchases included spot buys, discounted locked SOL, and tokens earned through staking and validator revenue.
Solana's price jumped 12% to over $202 following the news, extending its weekly gain to 25%. DeFi Development Corp has staked all newly acquired SOL, earning yield while supporting network security. The firm raised $19.2 million this month through stock issuance and has $5 million remaining for future SOL purchases—enough for another 24,752 tokens at current prices.
CEO Joseph Onorati confirmed the company remains exclusively focused on Solana, with no plans to diversify into other cryptocurrencies. 'All newly acquired SOL is being staked immediately, earning native yield while helping secure the Solana network,' the company stated.
Solana Surges Past $200 Amid Bullish Technical Signals and Record Open Interest
Solana (SOL) breached the $200 psychological barrier as a Golden Cross formation and record-high Open Interest fuel bullish momentum. The altcoin's 2% gain on Tuesday extends a seven-day rally, with technical indicators suggesting further upside potential.
Derivative markets reflect growing confidence, with Open Interest hitting an unprecedented $11.03 billion—up 16% from Monday's $9.52 billion. Trading volume skyrocketed 64% to $34.62 billion, underscoring intensifying market participation.
The breakout above the 50% Fibonacci retracement level at $195 sets the stage for a potential test of the 61.8% level. Market watchers interpret the Golden Cross—a bullish chart pattern where the 50-day moving average crosses above the 200-day moving average—as confirmation of strengthening upward momentum.
