Solana dipped below $ 150 per coin

DeFi Development Corporation has acquired an additional 65,305 Solana tokens SOL $151.48 Binance-Peg SOL 1.34% Market capitalization $0.17 billion VOL. 24 hours $0.52 billion , investing approximately $ 9.9 million. The total amount of these assets in the company’s portfolio now amounts to 317,273 tokens, which are estimated to be worth more than $ 48 million, including staking profits.

Some of the new tokens were obtained through an OTC transaction on the BitGo platform. These tokens are locked, meaning they are subject to time limits on circulation, but they are provided at a reduced price and can be used to generate passive income.

The company’s CEO Joseph Onorati noted that this strategy allows the company to increase its assets at a more favorable cost, while strengthening its position in the Solana ecosystem. It also allows for effective integration into long-term growth-oriented investment models.

At the time of the transaction, the value of one Solana token fell to around $ 148, showing a 1.7% daily decline. Nevertheless, technical forecasts remain moderately positive, with the possibility of a price recovery to $ 176 if the current market pattern is completed.

This deal indicates increased interest from institutional investors in the cryptocurrency market. Solana remains attractive as an asset for long-term portfolios and platforms involved in the development of decentralized financial systems.