DeFi Development continues to expand its assets within the Solana ecosystem, acquiring additional coins and investing further into the blockchain.
DeFi Development's Investment Strategy in Solana
On July 8, DeFi Development acquired 47,272 SOL, increasing their total holdings to 690,420 coins. This purchase was valued at approximately $7.03 million and signifies a 64% increase in their Solana assets over the past two months. The newly acquired SOL will be used for staking, highlighting the company's pursuit of sustainable profits.
Technical Levels and Forecasts for Solana
Analysts note that Solana's price has been holding around $125 since last year. It is crucial to maintain a price above $149 in the short term to limit selling pressure. Technical charts indicate that staying above $157 may trigger new buying interest. Popular analyst Ali Martinez predicts that if Solana surpasses this level, liquidity could quickly extend to $200.
Network Activity of Solana and Its Impact on Prices
The Solana network recorded 14.63 million active addresses within 24 hours, indicating a high level of blockchain activity. The increasing user base confirms that DeFi Development's strategy aligns well with Solana's infrastructure and holds significant potential for mid-term returns.
DeFi Development's recent investments in Solana reflect a growing interest in this ecosystem, and analysts' forecasts suggest possible positive changes in price dynamics, potentially strengthening the company's position in the market.
