The Solana season might be making a comeback, especially with Wall Street institutions positioning for heavy accumulation of SOL in the months ahead.
Forward Industries (NASDAQ: FORD) has announced a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital to initiate a Solana-focused treasury strategy. The funding will transition the company into the largest Solana Digital Asset Treasury firm.
The SOL price ticked up by over 4% on Monday, trading at $215 at press time. Notably, the SOLETH trading pair, which tracks Solana’s performance against Ethereum, is up by 22% since August 23rd.
The Solana meme coin sector also saw an explosive breakout on Monday, with Pudgy Penguins, Fartcoin and Bonk among the top performers. This indicates that SOL’s rally today has strong community support and likely isn’t just a bull trap.
Experts are predicting the Solana price to hit $250 in the short term and $500 by the end of the year. However, sidelined investors have to be careful not to buy just below the $218 mega resistance.
Forward Industries Announces Solana Treasury Firm With Galaxy Digital, Jump Crypto
Wall Street institutions are finally jumping into the Solana ecosystem.
Forward Industries has committed to a dramatic strategic overhaul, securing a staggering $1.65 billion through a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital.
The funds, comprising both cash and stablecoins, will drive the launch of a Solana-focused digital asset treasury
The FORD stock price is up by over 58% on Monday, and nearly 72% over the past 5 days.
Solana’s new Digital Asset Treasury could prove highly bullish for SOL, given the scale of the institutions backing it. Galaxy Digital, one of the largest digital asset firms globally, will provide infrastructure and trading services, while Jump Crypto, the crypto arm of Jump Trading, is set to play a key role alongside Multicoin Capital.
Notably, the $1.65 billion initial PIPE is likely just a starting point, as the company is expected to file additional prospectuses to expand its Solana-focused treasury strategy and broaden investor participation.
Solana Price Prediction: How High Can SOL Go?
The Solana price has put in its highest weekly close in 32 weeks and has followed it with an explosive rally on Monday.
Prominent analyst Nebraskangooner predicts that $SOL will continue its rally to hit $250 in the short term, and Altcoin Sherpa agrees.
In the higher timeframe, legendary trader Bluntz has used his trusted Elliot Wave analysis to project that the token price will reach $500 by Q1 2026.
However, sidelined investors need to be cautious not to buy right at the resistance.
Notably, the Solana price chart has a strong resistance level at $218, and another resistance zone between $257 and $261. These levels could trigger a sell-off, especially as the broader macroeconomic outlook remains uncertain.
Solana Meme Coins Are A Better Investment Than SOL
The Solana price chart has several strong resistance levels. On the contrary, Solana meme coins like Pudgy Penguins, SPX6900 and Bonk are on the cusp of explosive breakouts.
Even Fartcoin appears poised to flip the $0.81 resistance, which would mean a rally to $1 and subsequently, to $2.2.
Low-cap meme coins like Snorter (SNORT) are also in high demand. The SNORT presale has already raised nearly $3.8 million in short order, indicating strong community support and the possibility of attractive returns.
Notably, SNORT isn’t a utility-less meme coin. Instead, it is the native token of the Snorter bot, the fastest and cheapest Telegram-native crypto trading bot.
The Solana meme coin sector will always remain a source of life-changing gains, and Snorter can give retail traders a real chance to capture them. With its sniper bot, sub-second execution, rug-check filters, and automated trade management, it equips everyday investors with the same tools whales use to dominate early token launches.
Investors buying SNORT are getting double wins. Not only are they investing in a high-upside Solana meme coin, but they also get attractive perks within the Snorter ecosystem, including just 0.85% trading fees.
Unsurprisingly, early buyers are eyeing up to 100x returns from SNORT, with many viewing it as one of the best low-cap crypto investments.
Visit Snorter Presale
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