Galaxy, Jump, Multicoin Aim to Raise $1 Billion for Solana Treasury

A new initiative aiming to establish a landmark $1 billion Solana (SOL) treasury is being explored by Galaxy Digital, Jump Crypto, and Multicoin Capital. The project has the backing of the Solana Foundation and aims to centralize SOL holdings, according to sources. This move could significantly influence Solana’s market dynamics in several ways: liquidity, governance, and asset allocation strategy within the blockchain ecosystem. !