Bitcoin’s breakout earlier this month triggered altcoin after altcoin to surge. Ethereum is up 60%, and XRP is up 66%, though both have been down slightly (1-2%) in the past 24 hours.
What’s driving Solana’s surge? The protocol always has been and probably always will be the home of meme coins – and pump.fun’s recent $PUMP launch shows the meme market on Solana isn’t going anywhere.
But the recent rise in $SOL’s price isn’t driven by meme coins; instead, institutional investment strategies and developer adoption are rapidly transitioning Solana from a developer playground to a flagship blockchain.
DeFi Development Corp has amassed 999,999 $SOL after purchasing 141,383 $SOL ($19M) between 14–20 July, using spot buys, locked tokens, and staking yields.
It’s the next stage in a continuing evolution of the crypto treasuries movement. Strategy’s Bitcoin approach seeks to amass as much Bitcoin as possible and relies on unrealised gains to power stock price increases. DFDV’s approach relies on validator revenue and staking rewards to maximise ‘SOL per share’ (SPS) over time.
The initiative includes building a SOL token base, staking via validator operations, engaging in DeFi activities, and investing in Solana ecosystem projects. It marks a strategic pivot beyond fintech infrastructure toward a deeper on-chain presence.
In particular, the $200M will fund three specific goals:
The latest surge in Solana development has already paid off for $SOL, as the chain recently jumped Aptos to claim a spot in the top three blockchains by RWAs.
News about treasuries nearly always boosts prices, in part because treasuries typically indicate long-term demand. The promise of steady, large purchases of Bitcoin, Ethereum, or Solana holds out the potential for steady purchase pressure.
It eventually returned to earth slightly, trading just above $195 currently.
Trading volume skyrocketed 88% in the past day, and $SOL looks set to keep growing.
And as Solana grows – despite the new treasury strategies – meme coins are sure to grow alongside, with opportunities aplenty for savvy investors. To make the most of them, look to Snorter Token for an insider’s edge.
Don’t look at centralized exchanges for the best meme coin opportunities. By the time the true low-cap gems get there, the biggest gains are long gone.
$SNORT makes it all possible, powering low trading fees and fast execution, as well as exclusive access to new tokens.
$SOL briefly reclaimed the $200 price level (+12%) in tandem with the various treasury announcements, and DEX volumes exceeded $1T in H1 2025, more than the previous year.
With Solana being the latest token to take advantage of the developing crypto bull run, how high will the token go? And will Snorter Token ($SNORT) also surge?
As always, do your own research; this isn’t financial advice.
