Solana's Price Drops 0.63% as DeFi Development Corp. Expands Holdings

Solana's latest price was $146.24, down 0.626% in the last 24 hours. DeFi Development Corp. has been actively expanding its presence in the Solana ecosystem by increasing its holdings and validator operations. The company recently acquired $11.2 million worth of Solana tokens, adding to its already substantial portfolio. This move is part of a broader strategy to align with the infrastructure of the decentralized economy. Additionally, DeFi Development Corp. acquired a Solana validator company for $3.5 million, which includes validators with an average delegated stake of around 500,000 SOL. This acquisition positions the firm strategically within the Solana ecosystem, allowing it to generate protocol-native cash flow. The company's recent name change and digital assets treasury plan reflect its commitment to embracing cryptocurrency and building a robust crypto asset portfolio.

Solana's stablecoin supply has surged by 156% in 2025, reaching a new all-time high of $13 billion. This increase highlights the growing demand for transactions processed at high speeds, enhancing liquidity and user experience within the Solana network. Circle’s USDC remains the dominant stablecoin on Solana, commanding a 77% market share. Historically, increased stablecoin inflows have correlated with price rallies of SOL, indicating a strong bullish trend. Solana has also seen significant growth in its total value locked (TVL) and decentralized exchange (DEX) volume, positioning it as a major contender against Ethereum and BNB Chain. The daily transaction count on Solana has increased by 25%, reaching 57.77 million transactions, while daily DEX volumes hit $2.61 billion, giving Solana a 27.7% share of the DEX volume market.

Southeast Asia’s superapp Grab has partnered with Natix, a project within Solana’s decentralized physical infrastructure network (DePIN), to collaborate on mapping and autonomous driving technologies. The partnership aims to combine Natix’s blockchain-based mapping data with Grab’s camera hardware and AI-supported mapmaking technology. This collaboration will enable real-time, high-fidelity map updates and provide critical training and validation datasets for autonomous driving and physical AI applications. As part of the collaboration, Natix will launch VX360, a device built on Grab’s hardware platform that allows Tesla drivers to collect and share 360° vehicle imagery. This rich visual data will power fresher maps and provide critical training and validation datasets for autonomous driving and physical AI applications. Natix’s on-street camera network enables drivers worldwide to monetize their driving data and contribute to the next generation of maps, addressing the inefficiencies and high costs of traditional centralized mapping methods.

A recent withdrawal of 23 million SOL from an Alameda Research address has raised concerns over Solana market stability. The withdrawn tokens were distributed across 37 wallets, sparking fears of selling pressure and potential price declines. This withdrawal follows a previous large-scale withdrawal of approximately $2.2 billion worth of SOL on March 1, which triggered a sharp price drop. The pattern of large-scale liquidations following price rebounds suggests that institutional players may continue to apply selling pressure, potentially leading to further price declines. Additionally, technical indicators show signs of a bearish trend, with a “death cross” alert occurring for the third time. This signal, where the 50-day moving average drops below the 200-day moving average, usually results in steep price falls. The last occurrence of this signal in 2022 resulted in a 60% drop in the value of SOL, raising concerns about potential market volatility and a price correction.