According to @dydxfoundation, the Nasdaq-listed firm DeFi Development Corp. (DFDV), which has a crypto treasury strategy centered on Solana (SOL), will tokenize its company shares on the Solana network. The tokenized equity will trade under the ticker DFDVx on the crypto exchange Kraken's upcoming tokenized stock platform, xStocks, as stated in a press release. DFDV's CEO, Joseph Onorati, referred to the tokenized stock as a "DeFi lego block," highlighting its potential as a foundational component for developers to build new financial applications. This move aligns with the growing trend of tokenizing real-world assets (RWA), which offers benefits like 24/7 trading and faster settlement. A report from BCG and Ripple cited in the text projects the RWA market could potentially reach $18.9 trillion by 2033, indicating significant growth potential for platforms and ecosystems like Solana that facilitate it.

According to @StockMarketNerd, Solana (SOL) has demonstrated resilience despite recent price dips below the $145 support level, driven by significant institutional developments that offset short-term retail weakness. On June 14, seven spot Solana ETF issuers, including Fidelity, Grayscale, and VanEck, submitted updated S-1 filings with the SEC to include staking provisions, as confirmed by Bloomberg's James Seyffart. This aligns the proposed ETFs more closely with Solana's on-chain economics. Further bolstering institutional confidence, Nasdaq-listed DeFi Development Corp announced a $5 billion equity line of credit to fund additional SOL accumulation, adding to its treasury of over 609,190 SOL. Similarly, Canadian investor Sol Strategies filed for a Nasdaq listing to deepen its own significant SOL holdings. From a technical standpoint, analysis from the source indicates SOL faced firm resistance near $149, with critical support at the $144-$145 zone. A failure to hold this level was seen as a potential trigger for a drop towards $140. However, current market data shows SOL has since rebounded strongly, trading at $157.81 (SOLUSDT), suggesting these institutional tailwinds may be taking effect.

According to @AltcoinGordon on Twitter, DeFi Development Corp has acquired an additional 172,670 SOL tokens valued at approximately $23.6 million, bringing its total SOL treasury to 595,988 tokens. This significant accumulation by a major corporate entity provides strong on-chain support for Solana, signaling bullish institutional confidence and potentially impacting short-term and long-term SOL price dynamics. Traders should monitor treasury accumulation trends and on-chain activity as these large-scale purchases often precede upward price movements and increased market liquidity (source: @AltcoinGordon, May 13, 2025).

According to @AltcoinGordon on Twitter, DeFi Development Corp has purchased an additional 82,404 SOL, valued at approximately $11.2 million, bringing its total SOL holdings to 400,091. This significant accumulation by a major institutional player signals strong bullish sentiment and could drive increased market demand for Solana. Traders should monitor SOL price action closely, as large treasury buys like this have historically led to heightened volatility and upward price momentum. The rapid accumulation trend also positions SOL as a key asset among DeFi treasuries, reinforcing its relevance in the broader cryptocurrency market. (Source: @AltcoinGordon, Twitter, May 7, 2025)

According to @AltcoinGordon, Solana has seen significant institutional investments with DeFi Development Corp adding 82,000 SOL, bringing its total holdings to over 400,000 SOL (worth more than $57 million), specifically for staking and yield generation (source: AltcoinGordon on Twitter, May 7, 2025). Additionally, Strategies has secured 122,524 SOL for $18.25 million through new financing. This surge in institutional activity signals increased long-term confidence and potential upward price pressure for SOL, which could impact broader crypto market sentiment and trading strategies.