DeFi Development has recently expanded its Solana 
$86-focused treasury model by acquiring an additional 47,272 SOL on July 8, raising their total holdings to 690,420 coins. This purchase, valued at approximately $7.03 million, marks a 64% growth in their Solana assets over the past two months. The newly added SOL is slated to be staked, highlighting the company’s pursuit of sustainable profits. This transaction has revived expectations of price hikes within the Solana network, where institutional interest is rapidly growing.
Continuous Investments in Solana by DeFi Development
DeFi Development’s latest acquisition stands at the heart of their Solana-centric strategy. Following this purchase, the company’s portfolio now approaches a value of $102.7 million, indicating a consistent expansion of their cryptocurrency treasury. The management aims to stake the increased balance on the network to generate passive income.
With a 64% growth compared to the previous period, the portfolio reflects swift progress in the company’s Solana-focused strategy. The intensifying discussions between the U.S. Securities and Exchange Commission and fund managers regarding spot Solana ETFs further drive curiosity about the future of the altcoin.
Simultaneously, the Solana network reached 14.63 million active addresses within 24 hours, underscoring significant blockchain activity. This expanding user base signals that DeFi Development’s strategy aligns well with Solana’s infrastructure, holding considerable mid-term return potential.
Technical Levels Impacting Solana’s Price
In the technical chart, Solana’s price has established a robust footing around $125 since last year. According to technical analysts, maintaining a price above $149 in the short term is crucial to limit selling pressure. A symmetrical triangle formation seen in the four-hour chart suggests that staying above $157 may trigger new buying interest.
Popular analyst Ali Martinez predicts that should Solana surpass $157, liquidity could quickly extend to $200. The vibrancy in active addresses supports the bullish scenario from on-chain data, suggesting increased institutional interest strengthens technical signals such as demand balance and staking yields.
Martinez believes falling below $149 in the short term could trigger a strong capitulation. Conversely, potential staking revenue and ETF approval prospects are two principal factors that could mitigate possible selling pressure.
