The cryptocurrency market has been on a rollercoaster ride over the past few months, with Bitcoin and other altcoins experiencing significant price fluctuations. However, one cryptocurrency that has been consistently performing well is Solana (SOL).
Solana is a high-performance blockchain platform that aims to provide a scalable and secure infrastructure for decentralized applications (dApps). It has gained a lot of attention in recent months due to its fast transaction speeds and low fees.
According to a recent analysis by CoinGecko, four publicly traded companies – Upexi, Inc., DeFi Developments Corp (DeFi Dev.), SOL Strategies, and Torrent Capital – are now among the largest institutional holders of Solana (SOL). These entities collectively control more than 3.5 million SOL tokens worth over $591.1 million.
This represents nearly 0.65% of Solana’s circulating supply and about 0.58% of the total supply. Upexi, Inc. is leading the pack with 1.9 million SOL acquired in just four months. DeFi Dev. holds 1,182,685 SOL at an average cost of $137.07, making it the most profitable among its peers with an estimated $36.8 million in unrealized gains.
SOL Strategies follows with 392,667 SOL acquired through a steady dollar-cost averaging approach between June 2024 and July 2025, at an average purchase price of $166.86. Torrent Capital rounds out the list with 40,039 SOL purchased in early 2025 at an average of $161.84.
Solana (SOL) has climbed over 14% in the past month and is now trading above $180 amidst a broader market surge. However, pseudonymous crypto trader XO noted that the current zone remains a critical threshold for SOL’s short-term price trajectory.
In conclusion, Solana’s recent performance has attracted the attention of institutional investors, with four publicly traded companies now among the largest holders of SOL. This is a positive sign for the cryptocurrency and could lead to further price appreciation in the future.
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