Recent treasury data on Solana has attracted investor attention, showing significant investments from individual companies.
Major Solana Holders
According to the latest treasury list from CoinGecko, DeFi Development Corp ranks as the top SOL holder with over 2 million tokens worth approximately $480 million.
Upexi and Sharps Technology follow in second and third places respectively, holding 2,018,419 and 2,000,000 SOL. This highlights that a significant portion of Solana's reserves is concentrated among a small number of companies.
Forward Industries Plans
Forward Industries is planning to build a Solana treasury worth $1.65 billion. Currently, the company has already acquired 1.81 million SOL valued at $432 million, which is just 26% of the total plan. If this plan is fully executed, Forward Industries may become the largest holder of Solana, surpassing DeFi Development Corp.
Current Price Trends of Solana
The price of SOL is currently around $239.50, attributed to increasing institutional investor interest and a 27% rise in trading volumes. Support levels are anticipated around $220, with deeper support at $200 if the market encounters unexpected fluctuations. Interest in Solana continues to grow, reflecting its heightened popularity in the decentralized finance space.
The evolving situation around Solana's treasury and new large-scale investments underscores the growing interest and activity in the market, which may lead to further price increases for SOL.
