According to CryptoSlate’s data, the digital asset rose by more than 14% in the last 24 hours from $175 to as high as $202 as of press time.
Meanwhile, Solana’s decentralized finance ecosystem is also experiencing significant growth.
Data from DeFiLlama shows that total value locked (TVL) in SOL terms hit more than 58 million tokens this week, marking the highest level in over three years.
Moreover, the dollar value of assets locked on the network has exceeded $11 billion for the second time this year, a milestone last reached in January.
In addition, Toronto-based SOL Strategies holds 392,667 SOL, bought at an average of $158.12, representing an unrealized gain of about $3.9 million. Torrent Capital, while maintaining a smaller position of 40,039 SOL acquired at $161.84, is also in profit by roughly $200,000.
In total, these four firms collectively control over 3.5 million SOL, with a combined market value exceeding $591 million.
This represents about 0.65% of the circulating supply, underlining the growing appetite among publicly listed companies for Solana exposure and highlighting increasing institutional confidence in the asset’s long-term potential.
