Solana News Today: "Solana's Institutional Takeoff: Why This Altcoin Mimics Big Tech's Rise"

Forward Industries' recent $1.65 billion capital raise via a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital highlights the growing institutional interest in Solana. This move positions Forward Industries to become a publicly traded entity in the Solana ecosystem, competing with firms like Upexi and Sharps Technology, which have also made significant investments in Solana. The capital will be used to generate on-chain returns and enhance shareholder value through active participation in decentralized finance (DeFi) markets. Multicoin's Kyle Samani will serve as chairman, while Galaxy and Jump will offer infrastructure and advisory services. The funding has already driven a 128% increase in Forward’s pre-market shares and a 2.3% rise in Solana’s SOL token price [1].

Recent market data indicates strong accumulation of Solana tokens, with $770 million worth of Solana purchased in a week. Exchange balances have dropped by 3.79 million SOL since the start of the month, a sign of long-term holding and reduced short-term speculative trading [2]. The price of SOL has remained above $200, supported by a strong Relative Strength Index (RSI) indicating positive momentum. Technical analysts suggest that a breakout above $206 could push the price toward $214 and $221, while a drop below $195 might lead to a decline to $189. The accumulation trend is expected to strengthen support levels, potentially enabling further price appreciation [2].

Institutional interest in Solana continues to rise, with the futures market hitting an all-time high in Open Interest (OI), reaching $13.68 billion. This surge coincided with the network's recent Alpenglow upgrade, which significantly reduced transaction finality times. The increased OI indicates growing confidence among traders, especially as $22 million in short positions were liquidated in the last 24 hours as the price surpassed the $200 barrier [3]. Gemini’s expansion of Solana staking services in the European Economic Area further underscores the asset’s institutional adoption, with staking participation rising by 39% in 2025 within the EU, compared to 22% in non-EU regions [3].

Corporate treasury accumulations have also played a key role in Solana’s recent performance, with DeFi Development Corp accumulating over $400 million in Solana holdings. The company’s aggressive buying spree, including a $117 million acquisition over eight days, reflects confidence in Solana’s fundamentals and staking yield prospects. This trend mirrors broader institutional adoption, with Solana’s market capitalization reaching $100 billion in under five years, outpacing the seven- and nine-year timelines of traditional tech giants like Google and Meta [3].

Analysts have assigned a 95% approval odds to a Solana ETF, driven by growing institutional demand and accumulation trends. Several fund managers, including 21Shares, Bitwise, and Fidelity, have submitted proposals to the U.S. Securities and Exchange Commission (SEC). Whale activity has also shown significant accumulation during August price dips, though large sell-offs can still cause short-term volatility. The potential ETF approval, coupled with network upgrades and rising institutional adoption, could position Solana for a major price breakout in the near term [4].

Source: [1] Forward Industries (FORD) has raised $1.65 billion in cash and stablecoin commitments through a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital (https://www.coindesk.com/business/2025/09/08/nasdaq-listed-firm-raises-usd1-65b-to-launch-solana-treasury-shares-surge-128-pre-market) [2] Solana price charts receive major bullish signal as investors scoop up $770 million worth of SOL in a week (https://beincrypto.com/solana-price-bullish-signal-buying-spree/) [3] Solana surges as futures market hits record high and institutional adoption accelerates (https://www.fxleaders.com/news/2025/09/05/solana-surges-as-futures-market-hits-record-high-and-institutional-adoption-accelerates/) [4] Solana ETF odds at 95%—is SOL the best altcoin to buy before the October decision? (https://coincentral.com/solana-etf-odds-at-95-is-sol-the-best-altcoin-to-buy-before-october-decision/)