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Reading: Solana raises $8 million as SOL price slips 3%
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COINTURK NEWS > Solana (SOL) > Solana raises $8 million as SOL price slips 3%
Solana (SOL)

Solana raises $8 million as SOL price slips 3%

In Brief

  • 🚨 Solana raised $8 million while SOL dropped 3% to $84.80.

  • Major funds like Mirae Asset joined the capital increase for $SOL.

  • 🔍 Key point SOL could hit $900 if network growth continues.

İlayda Peker
İlayda Peker 2 days ago
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Interest in stocks linked to Solana has seen a fresh surge. The Solana company has raised $8 million in new capital through Nasdaq-listed HSDT shares. This step is aimed at expanding the company’s token reserve. While SOL’s price has recently dropped slightly, the growing appeal of crypto assets among institutional investors is igniting discussions about long-term strategies. Major companies are now exploring ways to increasingly integrate digital assets into their balance sheets.

Contents
Capital increase draws major investorsPersistent pressure on SOL pricesLong-term outlook and analyst warnings

Capital increase draws major investors

Solana conducted a direct public offering, selling 3 million Class A shares at $2.60 each. This offering is expected to net approximately $7.9 million. The participation of prominent institutional investors like Mirae Asset and HashKey Capital reflects a sustained appetite for crypto assets from the traditional finance sector.

The funds raised are earmarked not just for business development and operations, but also for purchasing additional SOL tokens. Solana’s portfolio already holds 2.3 million SOL, underlining the company’s commitment to strengthening its treasury with digital assets.

The terms of the deal include an option for investors to target an annual yield of 7 percent, providing a safety net against downside risk. This approach combines conventional financial structuring with digital asset strategy, offering both risk mitigation and a focus on long-term interests.

Persistent pressure on SOL prices

Despite the announcements of institutional buying and capital inflow, SOL’s price has declined by roughly 3 percent over the last 24 hours, now trading at $84.80. According to CryptoAppsy data, the current SOL price continues to hover around these levels. The broader week has seen periods of volatility, but overall SOL posted only a modest 1.55 percent increase for the week.

Analysts highlight that, in Solana’s previous cycle, its price surged from $8 to as high as $295. Speculation now revolves around whether a similar pattern could see SOL move from a recent low near $70 all the way to a hypothetical peak of $1,800. Taking a more cautious stance, some argue a 13-fold gain would still push SOL up to $900.

Long-term outlook and analyst warnings

While projections point to a possible cycle target between $900 and $1,000, experts underscore that reaching such heights will require sustainable network growth, rising on-chain transaction volumes, and ongoing capital inflows into the Solana ecosystem.

“Solana saw a 26-fold increase in its previous cycle. Based on today’s lows, there’s talk of a move to $1,800 in the new cycle. However, strong ecosystem growth and robust capital inflow are essential to reach these levels.”

In summary, Solana’s moves to attract institutional investors and raise fresh capital are keeping long-term optimism alive across the market. However, ongoing price pressure is prompting investors to proceed with caution amid short-term fluctuations.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 28 April, 2026 - 3:30 am 28 April, 2026 - 3:30 am
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