Solana’s (SOL) price is gaining significant momentum as major corporations acquire large amounts of the cryptocurrency for their treasuries. The recent rally is highlighted by new data from CoinGecko, which shows that DeFi Development Corp is currently the largest single holder of SOL, with more than 2 million tokens valued at $480 million.
However, the current rankings are set to be shaken up by Forward Industries, a firm that has announced an ambitious $1.65 billion Solana treasury plan. With the help of Galaxy Digital, Forward Industries has already purchased 1.81 million SOL, which is only about a quarter of its planned acquisition. Once completed, this would make the company the largest Solana holder by a significant margin.
The influx of institutional interest and large-scale purchases has had a direct impact on Solana’s price. The cryptocurrency has recently broken above the $229 level and is trading at around $239.50, a gain of 5.48% in 24 hours. The increasing buying pressure suggests a potential move toward $263 and possibly as high as $320.
This growing institutional adoption is also reflected in the broader Solana ecosystem. The network’s Total Value Locked (TVL) has surpassed $17 billion, setting a new record and showing wider use of the blockchain in decentralized finance. With both treasury data and market indicators pointing to a bullish trend, it’s clear that corporate interest is becoming a major force in shaping Solana’s market position.
September 2025, Cryptoniteuae
