{"id":860965,"date":"2025-07-08T19:11:53","date_gmt":"2025-07-09T00:11:53","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/08\/defi-dev-corp-acquires-additional-47-2k-solana-what-next-for-sol-price\/"},"modified":"2025-07-08T19:11:53","modified_gmt":"2025-07-09T00:11:53","slug":"defi-dev-corp-acquires-additional-47-2k-solana-what-next-for-sol-price","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/08\/defi-dev-corp-acquires-additional-47-2k-solana-what-next-for-sol-price\/","title":{"rendered":"DeFi Dev Corp Acquires Additional 47.2k Solana: What Next for SOL Price?"},"content":{"rendered":"
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\"Solana<\/figure>\n<\/div>\n
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DeFi Development Corp. (NASDAQ: DFDV), a company focused on building a Solana treasury strategy, has announced an additional acquisition of SOL. The U.S.-based company acquired an additional 47,272 SOL coins for about $7.03 million.<\/p>\n

As a result, DeFi Development Corp now holds a total of 690,420 SOL coins, currently worth around $102.7 million. The company increased its SOL holdings by more than 64 percent in the past two months, which will be staked to ensure a steady yield income.\u00a0<\/p>\n

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2\/ Key Metrics as of July 8, 2025<\/p>\n

???? 690,420 $SOL<\/a> & $SOL<\/a> Equivalents
???? $102.7M in value
???? 17,402,299 shares outstanding
???? 0.0397 SOL per share (SPS)
???? SPS value: $5.90<\/p>\n

Note: shares outstanding is as of June 30, 2025.<\/p>\n<\/div>\n

\u2014 DeFi Dev Corp. (@defidevcorp) July 8, 2025<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Solana Network Gains More Institutional Investors\u2019 Support\u00a0<\/h2>\n

The Solana network has attracted more crypto investors in the recent past, led by institutional investors. As Coinpedia has highlighted<\/a>, the U.S. SEC has increased engagement with the fund managers seeking to offer spot Solana ETFs, thus signaling potential approval ahead.\u00a0<\/p>\n

As a result of the rising demand from retail and institutional investors, on-chain data analysis shows that the Solana network has recorded more than 14.63 million active addresses in the past 24 hours.<\/p>\n

Solana price has established a robust support level in the past year around $125. Although the SOL price<\/a> in the weekly timeframe has been forming a potential reversal pattern, the shorter timeframe suggests potential bullish sentiment.<\/p>\n

<\/figure>\n

According to crypto analyst Ali Martinez, SOL price must hold above the support level around $149 to invalidate possible capitulation in the near term. In the four-hour timeframe, the SOL price has been forming a symmetrical triangular pattern after breaking out of a falling logarithmic trend.<\/p>\n

A consistent rally above the resistance level around $157 will trigger a fresh bullish rally towards the next major liquidity level around $200.<\/p>\n<\/div>\n

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\n Steve Muchoki<\/p>\n","protected":false},"excerpt":{"rendered":"

DeFi Development Corp. (NASDAQ: DFDV), a company focused on building a Solana treasury strategy, has announced an additional acquisition of SOL. The U.S.-based company acquired an additional 47,272 SOL coins for about $7.03 million. As a result, DeFi Development Corp now holds a total of 690,420 SOL coins, currently worth around $102.7 million. The company<\/p>\n","protected":false},"author":1,"featured_media":860966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2405,3876],"tags":[],"class_list":{"0":"post-860965","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-acquires","8":"category-additional"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/860965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=860965"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/860965\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/860966"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=860965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=860965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=860965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}