DeFi Dev Is Now the 2nd Largest Solana Holder With a Recent $77M

DeFi Development Corp, the company that already had Solana worth millions of dollars, is once again in the limelight following its recent acquisition of $77 million worth of SOL.

The press release dated August 28, 2025, by DeFi Dev Corp notes that it has acquired 407,247 Solana, totalling $77 million at an average price of $188.98 per SOL

With this purchase, it now holds 1,831,001 tokens, making it the second-largest company to have substantial holdings of Solana. Upexi U.S is the topper in the list with 2,000,518 SOL after its holdings grew by 98,709 tokens in the last 30 days.

There are a total of 5 publicly listed companies holding Solana with a total holding of 4,237,587 tokens, making around 0.79% treasury SOL dominance.

Sol Strategies holds 370,420 Solana, Torrent Capital has 40,039 SOL, and Exodus Movement has 34,578 Solana. Before the recent acquisition of $77 million in Solana DeFi Development, the company held 1,420,173 tokens. With the most recent buy, the company’s holdings are now valued at $371 million

A quick overview of Solana prices

According to the data from CoinMarketCap in the past 24 hours, SOL prices marked an uptick of 1.54% reaching $214.26, with market capitalization reaching $115.88 billion.

At the same time, Solana traded highest at $217.84 and mirrored a lowest trading price of $208.40, yet its all-time high is $294.33 established on January 19, 2025.

It is worth noting that in a week, SOL prices grew by 19.24%, surged 18.46% in a month, and more than 37% in a quarter. Till press time, its price is exchanging hands far above its crucial EMAs, including 20-day, 50-day, 100-day, and 200-day exponential moving averages.

Market experts argued that if Solana price continued to grow at the same pace in the daily time frame, it is expected to mirror a resistance of $236.05, and in the weekly time frame, its identified resistance levels are $256.61, followed by $300.62 and $371.86

And its support levels are $185.37 and $114.13. Not only have its prices grown, but its market capitalization also seems to be following a bullish path, adding 17.20% in a week, around 18% in a month, and 26% YTD.

It is worth noting that Solana is now dominating 3.01% of the market, with its dominance growing 16.72% in the past 7 days and more than 18.19%.

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