NewGen Doubles Down on Solana with $30 Million SOL Staking Strategy

NewGenIvf Group Limited (NIVF), a fertility services provider in Asia, has announced a $30 million investment into Solana staking. This step follows its initial $1 million Bitcoin investment made in December 2024 and marks a major expansion of the company’s digital asset strategy.

The funding for this investment will come from two existing credit lines—$26 million from ATW and $100 million from White Lion. NewGen’s management stated this move reflects growing confidence in blockchain assets and decentralized finance. The company also plans to set up a separate unit to manage digital asset operations.

NewGen $30 Million SOL Staking Strategy

NewGen is using this investment to build a broader footprint in digital assets confirming the $30 million will be used for staking Solana (SOL). CEO Siu Wing Fung Alfred commented,

“This investment represents a natural evolution of our digital asset strategy and positions us strategically within the burgeoning digital assets space.” He added that staking SOL will create value for shareholders and diversify the company’s investment portfolio.

The plan includes forming a subsidiary to handle all blockchain-related activities, allowing NewGen to focus operationally and expand strategically in this area. This structure aims to improve decision-making and offer flexibility in the fast-changing digital asset market.

Solana’s Role in the Strategy

Solana is now one of the top blockchain platforms because of its fast transactions, scalability and increasing range of practical uses. By staking their coins, investors can support the blockchain’s safety and structure and get rewards in return.

NewGen is following in the steps of several other public companies that have already adopted Solana. Similar strategies were adopted by other firms including Upexi ($100 million), Janover ($42 million) and Classover Holdings (up to $500 million) which involve Solana’s tokens and staking reserves.

Canada’s SOL Strategies Inc. has also filed a $1B shelf prospectus to boost Solana-related projects. This company actively works with validators, tokenization and staking, allowing for a greater involvement in blockchain processes.

Concurrently, there has been consistent strength in Solana’s market presence. As of press time, Solana (SOL) was priced at $152.59 with a market cap of $79.71 billion. However, the token has dropped 18% in the past ten days, raising concerns among traders.

Solana Whale Transfer Raises Price Concerns

A large holder recently transferred 2.8 million SOL, worth $441 million, to Binance. The tokens came from a wallet that had been funded by Binance three years ago which has led to speculation about possible sell-offs.

The whale moved the tokens to a Binance cold wallet, not directly to the exchange, but the event still caused short-term price uncertainty. Analysts suggest that cold wallet transfers may not mean an immediate sale, but the volume was enough to influence sentiment. 

However, according to crypto analysts Morecryptoon, despite these developments, technical indicators offer a bearish outlook. The 1-hour SOL/USD chart suggests that the token is in a corrective phase. According to the analysts, using the Elliott Wave analysis, Wave 1 appears to have completed around the $153 level, and the price is now forming Wave 2, typically a temporary counter-trend move.

The current corrective bounce is testing Fibonacci retracement levels, including 23.6% at $157.09 and 38.2% at $161.95. Resistance extends into the $161.95–$169.76 zone, with additional resistance near $173.26. A move above $170 could invalidate the bearish pattern and suggest further upward momentum.

However, if the Solana price fails to hold above these resistance levels, the chart indicates a possible continuation into Wave 3, which could push prices lower. Bearish targets based on Fibonacci extensions range from $143.51 to $122.77 with the strongest support zone projected between $132 and $122.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

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