New data reveals that a substantial portion of Solana’s supply is held by US companies and institutions. According to Strategic SOL Reserve, these entities collectively hold over 8.27 million SOL, amounting to approximately $1.72 billion – representing about 1.44% of the total supply. Notably, prominent holdings include Sharps Technology, Inc. ($444.6 million), Upexi, Inc. ($415.5 million), and DeFi Development Corp. ($295 million). This information paints a clearer picture of the significant involvement of US entities in Solana’s ecosystem.
While these figures represent a substantial investment, it is important to note that recent trading activity suggests Solana is experiencing growth. The price has surged by 2.3% over the past 24 hours, reaching $207.75. A notable portion of these assets are already staked at 585,000 SOL, yielding an average annual return rate of 6.86%. This data offers valuable insights into the current Solana landscape.
*This is not investment advice.*
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