SOL Price on Fire?

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It’s always exciting to see a company go on a shopping spree, especially when it’s buying up a bunch of Solana coins 🤑. DeFi Development Corp, a US-based outfit with a thing for building a Solana treasury strategy, has just splurged on an additional 47,272 SOL coins for a cool $7.03 million 💸.

This brings their total SOL holdings to a whopping 690,420 coins, worth a tidy $102.7 million 🤑. That’s a 64% increase in just two months, which is either a brilliant move or a recipe for disaster – only time will tell 🤔. The plan is to stake these coins and earn a steady yield income, because who doesn’t love a bit of passive income? 😴

2/ Key Metrics as of July 8, 2025

690,420 $SOL & $SOL Equivalents
$102.7M in value
17,402,299 shares outstanding
0.0397 SOL per share (SPS)
SPS value: $5.90

Note: shares outstanding is as of June 30, 2025.

— DeFi Dev Corp. (@defidevcorp) July 8, 2025

The Solana network is clearly the cool kid on the block, attracting more institutional investors than a free buffet at a conference 🍴. The US SEC is even making nice with fund managers who want to offer spot Solana ETFs, which could be a sign of good things to come 🤞.

As a result, the Solana network has seen a surge in active addresses – over 14.63 million in the past 24 hours, to be exact 📈. That’s a lot of people wanting a piece of the SOL action.

So, what’s next for SOL price? 🤔 Well, it’s established a solid support level around $125, which is good news for the bulls 🐂. But, as we all know, the crypto market is about as predictable as a toddler’s tantrum 🤯.

$147.59 is one of the most important support levels for Solana $SOL!

— Ali (@ali_charts) July 8, 2025

According to crypto analyst Ali Martinez, SOL price needs to hold above $149 to avoid a potential capitulation 🚨. But if it can break out of its current symmetrical triangular pattern and rally above $157, we might just see a fresh bullish rally towards $200 🚀.

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2025-07-09 00:52