Solana’s Price May Surge as Institutional Interest Fuels DeFi Dev Corp’s Expansion

DeFi activity is driving a surge in interest for Solana (SOL), with institutional investors pouring funds into the cryptocurrency following Galaxy Digital’s recent investment of $106 million from Ethereum (ETH) to SOL. This influx has coincided with analysts anticipating a bullish pattern, which could propel SOL’s price back towards the $176 mark. DeFi Development Corporation’s holdings in SOL have been bolstered, reaching 317,273 coins as a result of this increased investment.