🚀 Solana Week: $SOL Hits 200-Day High as Treasuries Rise and $1 Rewards Holders
$SOL surges to January highs above $240 as Forward Industries injects $1.58 billion into its treasury! Corporate FOMO intensifies as Galaxy Digital adds over $700 million and Helius raises $500 million for a Solana-focused strategy.
Here's the breakdown for this week 🧵
1/6
📊 Market Overview:
SOL surged 8% to $236 after hitting above $240, while Bitcoin rose 3% to $115,800 ahead of the Federal Reserve's FOMC meeting. Solana ecosystem market capitalization nears $300 billion, with weekly trading volume reaching $24 billion (down 6%) 💪
2/6
DeFi & Ecosystem Metrics:
Total Value Locked (TVL) increased 5% to $12.9 billion, maintaining its position as the second-largest public blockchain in DeFi, ahead of Bitcoin. DEX trading volume increased 32% week-over-week, reaching $125 billion in 30-day trading volume. Ecosystem tokens NOSANA and STARPOWER experienced explosive growth!
3/6
🏛️ Industry Updates
🔹 Forward Industries launches $1.6 billion Solana treasury, purchases 6.8 million SOL ($1.58 billion)
🔹 @galaxyhq accumulates over $700 million in SOL tokens
🔹 @HeliusHSDT raises $500 million for SOL treasury strategy (share price up 250%)
🔹 @base launches open-source bridge to Solana for cross-chain liquidity
🔹 MOGU Inc approves $20 million allocation to BTC, ETH, and SOL
4/6
🎯 Earnings Highlights:
Stocks with the biggest gains:
🔹 STAR (+153.78%)
🔹 NOS (+113.65%)
🔹 A47 (+89.3%)
🔹 PUMP (+70.39%)
🔹 FARTBOY (+70.22%)
5/6
💡 What You Can Do Now:
🔹 Avoid FOMO trading until the FOMC meeting concludes
🔹 Monitor SOL Treasury flows for institutional momentum signals
🔹 Lock in risk management as market volatility increases
🔹 Watch for the launch of Project Wings' multi-million dollar bounty program (60% trader cashback)
Stay updated and ahead of the curve 🌅
6/6