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South Korea’s First SOL Treasury: Solana Blastoff Incoming?


by Parth Dubey
for Coinspeaker
South Korea’s First SOL Treasury: Solana Blastoff Incoming?

DeFi Development Corp., a Nasdaq-listed company, and Solana-based SOL $223.2 24h volatility: 6.9% Market cap: $121.25 B Vol. 24h: $9.67 B liquid staking platform Fragmetric Labs announced plans to establish South Korea’s first corporate Solana treasury.

The two firms will jointly acquire a publicly listed Korean company to launch the initiative, marking an important expansion of Solana’s presence in one of the world’s most active crypto markets.

A Major Reveal After Subtle Hints

Fragmetric’s co-founder had hinted at a major reveal last week and the actual unveiling took place at the Solana Oriental event during Korea Blockchain Week.

For DFDV, the move is part of its Treasury Accelerator program, which aims to fund the growth of digital asset treasuries worldwide and increase Solana per-share growth.

As part of this initiative, the firm recently invested $22.88 million in cannabis company Flora Growth, which is rebranding to ZeroStack to accumulate Solana.

DFDV currently holds more than 2 million SOL worth nearly $500 million. On September 19, the company added over 62,000 SOL to its holdings, indicating that SOL could very well be the next crypto to explode in 2025.

Market Reaction: SOL Crashes

Solana’s price dropped over seven percent to $220, despite the positive news, with intraday moves between $218 and $240. Trading volumes surged more than 150% as traders increased short positions.

At the same time, Fragmetric’s governance token FRAG saw a 6% boost, trading around $0.043 in highly volatile conditions.

SOL Price Analysis: A Pivotal Zone

The weekly chart shows Solana brushing against the $220 to $260 resistance zone, a level that acted as a major barrier during the 2021 bull run.

This area coincides with a rising long-term trendline, forming a classic rising triangle pattern that often precedes bullish continuation.

Momentum indicators support the upside case, with the RSI trending higher at just above 60 and MACD crossing into bullish territory. Capital inflows, measured by Chaikin Money Flow, also remain positive.

Solana weekly chart with 2021 resistance trendline and breakout attempt. | Source: TradingView

Solana weekly chart with 2021 resistance trendline and breakout attempt. | Source: TradingView

If Solana can break and close above $260 on the weekly timeframe, the stage could be set for a broader rally toward $300 and $380, with a possible retest of all-time highs near $500.

Beyond technicals, analysts such as Kaleo argue that Solana’s expanding treasury base, now surpassing $4.3 billion, could fuel a parabolic move to $1,000 in the coming cycle.

The post South Korea’s First SOL Treasury: Solana Blastoff Incoming? appeared first on Coinspeaker.

Read the article at Coinspeaker

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South Korea’s First SOL Treasury: Solana Blastoff Incoming?


by Parth Dubey
for Coinspeaker
South Korea’s First SOL Treasury: Solana Blastoff Incoming?

DeFi Development Corp., a Nasdaq-listed company, and Solana-based SOL $223.2 24h volatility: 6.9% Market cap: $121.25 B Vol. 24h: $9.67 B liquid staking platform Fragmetric Labs announced plans to establish South Korea’s first corporate Solana treasury.

The two firms will jointly acquire a publicly listed Korean company to launch the initiative, marking an important expansion of Solana’s presence in one of the world’s most active crypto markets.

A Major Reveal After Subtle Hints

Fragmetric’s co-founder had hinted at a major reveal last week and the actual unveiling took place at the Solana Oriental event during Korea Blockchain Week.

For DFDV, the move is part of its Treasury Accelerator program, which aims to fund the growth of digital asset treasuries worldwide and increase Solana per-share growth.

As part of this initiative, the firm recently invested $22.88 million in cannabis company Flora Growth, which is rebranding to ZeroStack to accumulate Solana.

DFDV currently holds more than 2 million SOL worth nearly $500 million. On September 19, the company added over 62,000 SOL to its holdings, indicating that SOL could very well be the next crypto to explode in 2025.

Market Reaction: SOL Crashes

Solana’s price dropped over seven percent to $220, despite the positive news, with intraday moves between $218 and $240. Trading volumes surged more than 150% as traders increased short positions.

At the same time, Fragmetric’s governance token FRAG saw a 6% boost, trading around $0.043 in highly volatile conditions.

SOL Price Analysis: A Pivotal Zone

The weekly chart shows Solana brushing against the $220 to $260 resistance zone, a level that acted as a major barrier during the 2021 bull run.

This area coincides with a rising long-term trendline, forming a classic rising triangle pattern that often precedes bullish continuation.

Momentum indicators support the upside case, with the RSI trending higher at just above 60 and MACD crossing into bullish territory. Capital inflows, measured by Chaikin Money Flow, also remain positive.

Solana weekly chart with 2021 resistance trendline and breakout attempt. | Source: TradingView

Solana weekly chart with 2021 resistance trendline and breakout attempt. | Source: TradingView

If Solana can break and close above $260 on the weekly timeframe, the stage could be set for a broader rally toward $300 and $380, with a possible retest of all-time highs near $500.

Beyond technicals, analysts such as Kaleo argue that Solana’s expanding treasury base, now surpassing $4.3 billion, could fuel a parabolic move to $1,000 in the coming cycle.

The post South Korea’s First SOL Treasury: Solana Blastoff Incoming? appeared first on Coinspeaker.

Read the article at Coinspeaker

Read More

Solana Price Prediction: $836M Whale Transfer Spark Fear of $200 Retest Before 62% Rebound

Solana Price Prediction: $836M Whale Transfer Spark Fear of $200 Retest Before 62% Rebound

Solana price has been under pressure recently, reflecting a cautious market outlook. ...
Forward Industries to Bring Its NASDAQ Stock to Solana via Superstate Platform

Forward Industries to Bring Its NASDAQ Stock to Solana via Superstate Platform

The NASDAQ-listed company will use Superstate's Opening Bell platform to tokenize its...