Hong Kong Giant Bets Big on Solana—SOL Surges 7.9% as Institutional Floodgates Open

Solana''s institutional moment arrives as a Hong Kong-listed firm throws its weight behind the blockchain—triggering an immediate 7.9% price spike.

Wall Street''s playing catch-up...again

While traditional finance debates ''crypto winter,'' Asia''s smart money is stacking SOL like it''s 2021. The move signals growing institutional confidence in Solana''s high-speed infrastructure—even as Ethereum maxis cling to their gas fee Stockholm syndrome.

One hedge fund manager quipped: ''TradFi allocators will FOMO in right after the next ATH—per usual.''

Solana Rallies Amid Public Company Purchase

SOL seems to be enjoying quite a rally amid MemeStrategy’s recent investment. The asset is currently the best-performing cryptocurrency among the top 10 projects by market cap.

SOL is up 7.9% in the daily charts, 3.1% in the weekly charts, 0.6% in the 14-day charts, and 8.5% since June 2024. Despite the big turnaround, SOL is down 7.1% over the previous month. Bitcoin (BTC), on the other hand, is up 1.9% in the daily charts and 0.4% over the last week.

The latest market rally brings much-needed relief to crypto investors. BTC’s price had fallen to $100,000 earlier this month. BTC’s correction led to the larger market experiencing a dip. The correction may have been due to a decrease in institutional inflows. The Israel-Iran conflict introduced additional volatility in the market. The market seems to be stabilizing right now. SOL and other cryptocurrencies are trading in the green zone today, Monday, June 16, 2025.

Will The Rally Continue?

Solana’s (SOL) latest upswing is likely due to increased investor confidence after the MemeStrategy investment. We may see a price correction once sentiment cools down.

The crypto market seems to be on its way back. Despite the turnaround, there is still much ground that needs to be covered. SOL remains a long way below its January levels. There have been several all-time highs of BTC this year. A similar trend is not being observed with other assets.

If the market continues to be bullish, solana may continue its rally.