The Solana ecosystem is witnessing a significant surge in institutional interest, with several heavyweights planning to launch treasury funds dedicated to the cryptocurrency. According to recent reports, Pantera Capital is aiming to collect up to $1.25 billion to convert a Nasdaq-listed company into a Solana-focused investment firm. This move is expected to further boost the growing trend of institutional investment in Solana.
Institutional Interest in Solana Grows
Pantera Capital’s planned fund is expected to start with an initial investment of $500 million, followed by an additional $750 million to further finance the reserve. If successful, this would make it the largest Solana-focused treasury fund to date, positioning the company supported by Pantera as the largest SOL treasury holder. This development is a testament to the increasing confidence of institutional investors in the potential of Solana.
Other companies are also pursuing similar initiatives, with three firms, including Galaxy Digital, Multicoin Capital, and Jump Crypto, reportedly in talks to build a separate treasury fund in Solana. The three companies aim to collect around $1 billion to finance their strategy, which would be supported by the Solana Foundation. These developments demonstrate the growing wave of institutional interest in Solana, with several smaller listed companies already accumulating SOL.
Solana Treasury Plays Gain Ground
The largest corporate owner of SOL is currently Upexi, which holds around 2 billion tokens, valued at approximately $380 million at current prices. The DeFi Development Corp. and Sol Strategies, based in Canada, are estimated to hold around 1.2 million and 370,400 SOL, respectively, making them the second and third largest corporate owners of the tokens. Cumulatively, Solana worth almost $700 million is now held in corporate balance sheets, and if Pantera Capital and other institutional efforts are successful, this number could increase sharply in the coming months, potentially driving a strong price rally for the tokens.
Solana Price Movement
SOL was trading at around $188 at the time of writing, having dropped almost 8% in the last 24 hours. The token had lost its $200 brand a day earlier, reaching a low of $185 before recovering slightly to trade near the current level. The decline reverses SOL’s one-week rally, which had pushed the token to almost $212, leaving weekly gains at only 4.5%. The market capitalization has dropped by around 7% in a day, with the 24-hour trading volume falling 10.3% to $10 billion.
On the technical side, SOL is acting just below the key resistance range of $188 to $190. Short-term EMAs remain above long-term average values, signaling that the latest bullish dynamics could continue despite the recent selling pressure. The relative strength index is close to 51, indicating that the market is balanced and neither overbought nor oversold. The expected institutional inflows, such as the Solana Treasury offer from Pantera Capital and other corporate stocks of $1.25 billion, could increase demand and put pressure on the tokens if these funds accumulate.
If SOL holds above the support level of $185, it could test the range of $190 to $195 in the short term. A decline below $185 could extend losses and focus on $170 to $175. As the institutional interest in Solana continues to grow, it will be interesting to see how the token’s price movement unfolds in the coming months. For more information on Solana and its treasury plays, visit https://crypto.news/solana-treasury-plays-gain-ground-as-pantera-capital-eyes-1-25b-fund-report/
