Solana Correction Nears as $1B Treasury Sparks Long-Term Buzz

Something unusual is happening with Solana (SOL). In a market still finding its footing after months of volatility, the blockchain’s native token is quietly attracting what may be the biggest wave of institutional money it’s ever seen north of $1.4 billion, and counting.

This isn’t retail hype or a memecoin flash. It’s big firms, serious investors, and structured capital all funneling toward a network once dismissed as “too fast to be secure.” The shift could carry long-term consequences for the broader crypto economy and, perhaps, India’s digital asset outlook.

$1 Billion Treasury Play Signals a Turn

At the heart of it all is a deal being stitched together by some of crypto’s largest asset managers. Galaxy Digital, Jump Crypto, and Multicoin Capital are jointly working to raise $1 billion for what they claim will be the largest institutional treasury of Solana ever assembled. The move is being structured with support from Cantor Fitzgerald, a global financial services giant, and the Solana Foundation. Closing is expected by early September, as per CoinDesk.

That’s just one part of the story. Another $400 million has been raised by Sharps Technology, a U.S.-listed med-tech firm, in a deal that allows it to buy SOL at a 15% discount. Backers include heavyweights like Pantera Capital, ParaFi, and CoinFund, and the transaction is expected to close within days. According to Ainvest.com, it could become the largest Solana holding by a publicly traded firm to date.

And it doesn’t stop there. Pantera is also plotting a $1.25 billion SPAC transaction a reverse merger that would convert a Nasdaq-listed entity into a dedicated Solana treasury vehicle. The details are still under wraps, but insiders suggest it’s an effort to institutionalize SOL ownership in a way never attempted before.

Put together, these developments point to something bigger a quiet, aggressive consolidation of Solana as a treasury-grade crypto asset.

Buybacks, DEX Volume and DeFi Uptick Show Internal Strength

All this comes as buybacks inside the Solana ecosystem have surged up more than 150% since June, now hitting around $47 million per week. That figure accounts for nearly 40% of all token buybacks in crypto currently, according to analysis from Bitrue. In short, Solana-based protocols are buying back their own tokens with revenues at a rate unmatched across the sector.

There’s real activity behind those numbers. Over the past six weeks, Solana’s DeFi TVL (total value locked) has nearly doubled from $4.8 billion to $9.3 billion. Meanwhile, dApps on the network pulled in over $27 million in weekly revenue, with trading activity on decentralized exchanges (DEXs) also climbing. For ten straight months, Solana has now outperformed Ethereum in DEX volume, logging $124 billion in July alone.

It’s not just metrics. Fund managers are noticing. One from Multicoin told CoinDesk, “We’re treating Solana like infrastructure now. The economic model is cleaner. The costs are fixed. The throughput is there.”

Price Holds, But Risks Still Linger

The bullish action hasn’t translated into a runaway rally. After briefly peaking above $200, SOL is currently trading near $188. Still, that puts it well above key support at $176–$180, which analysts have flagged as a crucial accumulation zone. Many are now eyeing $207–$240 as a resistance band. If breached, some see a path toward $300, especially if ETF momentum picks up in the US or Asia.

At the same time, Bitcoin has lost technical ground, slipping below its 100-day average. But Solana, along with XRP and ETH, has so far held relatively firm. The divergence is subtle but telling.

Short-term price dips haven’t scared the big players either. Data shows whale wallets have been accumulating aggressively since mid-July. That activity helped push the token above the $200 mark earlier this month and continues to drive sentiment.

India Angle What Investors Should Watch

The shift toward institutional Solana adoption has clear implications for Indian markets, even if direct SOL exposure remains unregulated for most retail investors here. With Solana now emerging as the backbone of many tokenized real-world assets, the appeal is obvious speed, scale, and minimal transaction costs often under $0.01.

Crypto exchanges operating in India may now revisit their listing strategies and integrations. Meanwhile, local blockchain startups, especially those in DeFi and NFT infrastructure, could pivot toward Solana-based solutions given the expanding liquidity and institutional legitimacy.

What’s unclear is how Indian regulators will react. With the Finance Ministry still reviewing digital asset classifications, moves like these may renew industry calls for GST exemptions on blockchain infrastructure and clearer policy frameworks for Web3 treasuries.

For now, though, one thing is certain Solana is no longer just a high-speed blockchain. It’s a financial asset and institutions have started treating it like one.

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Kavita Iyer

Business & Economy Analyst – [email protected] – Web

Former financial consultant turned journalist, reporting on markets, industry trends, and economic policy.

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