In recent times, the cryptocurrency Solana has been attracting attention from major investors and companies due to their active purchases and support of the network.
Whale and Company Purchases Increasing
Despite negative trends in the market, Solana is receiving support from major buyers. In recent weeks, whale activity was noted, with one acquiring SOL worth $12 million through the Binance exchange. These funds were transferred to Kamino Finance for staking. Additionally, Upexi Treasury has become one of the largest holders, purchasing 1.26 million SOL for $200 million.
Solana as a Long-Term Asset
Many public companies have started seeing SOL as a treasury asset, which implies not only storing it but also participating in validator operations. Data shows corporate SOL holdings have reached 3.4 million coins, with a total value exceeding $568 million. This underscores the growing interest of companies in earning consistent returns through staking.
The Future of Solana Mobile Devices
Solana Mobile announced the start of shipping its Seekers mobile devices to over 50 countries. This marks a step forward in mobile technologies for Solana, which may boost confidence among users and large companies. However, experts believe the impact on price remains uncertain at this point.
Thus, the activity of major investors, along with the development of mobile initiatives, may contribute to the rise in Solana's value in the future, with the potential to reach the $200 mark.
