Three major crypto firms, including Galaxy Digital, Jump Crypto, and Multicoin Capital, are reportedly in discussions to establish a $1 billion treasury fund for Solana (SOL), backed by the Solana Foundation. This would represent a significant accumulation strategy for holding the digital asset, similar to corporate approaches seen with Bitcoin. Despite this optimistic development, Solana's price has fallen approximately 6%, largely due to a broader market downturn triggered by a massive sell-off in Bitcoin, which affected overall investor sentiment. The funding discussions coincide with record high open interest for Solana in futures markets, indicating bullish sentiment among speculative traders. Nevertheless, experts suggest that while this treasury could have a positive long-term impact, immediate effects may be muted due to ongoing market volatility.

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