According to @MilkRoadDaily, Solana (SOL) treasuries have expanded from non-existent in April to a combined 16.5M SOL, valued around $4.8B (source: @MilkRoadDaily). According to @MilkRoadDaily, FORD holds the largest SOL treasury at 6.8M SOL, with three additional entities each above 2M SOL and another three just over 1M SOL (source: @MilkRoadDaily). According to @MilkRoadDaily, this snapshot details the current distribution of major SOL treasuries across leading entities for on-chain tracking (source: @MilkRoadDaily).

According to the source, ShiftRWA plans to offer fully backed, permissionless tokenized stocks and ETFs on the Solana (SOL) network. According to the source, the products are designed for 24/7 trading across decentralized exchanges, lending markets, and applications, with reserves verified by Chainlink (LINK). According to the source, the initiative is backed by SNZ Holdings, Chainlink, and PrimeVC.

According to @lookonchain, wallet 2nWbwF deposited 100,000 SOL valued at $23.64M into OKX two hours before the post after receiving the funds from Coinbase Prime, signaling a large single-entity exchange inflow that traders monitor closely for liquidity implications (source: @lookonchain on X, Sep 17, 2025; source: Arkham Intelligence address explorer for 2nWbwF). Research shows that net inflows to centralized exchanges by large holders often correlate with increased sell-side activity in the short term, which traders use to gauge near-term market risk (source: Glassnode Insights; source: CryptoQuant Research). Traders can track OKX spot and derivatives order flow alongside real-time movements of address 2nWbwF to confirm whether the inflow converts into active selling or remains idle on the exchange (source: OKX market data; source: Arkham Intelligence).

According to @lookonchain, addresses attributed to FalconX withdrew 413,075 SOL worth approximately $98.4M from Binance, OKX, Coinbase, and Bybit over the last 8 hours (source: https://twitter.com/lookonchain/status/1968126520079319270; Arkham entity: https://intel.arkm.com/explorer/entity/falconx). Arkham Intelligence labels the withdrawing wallets as FalconX, supporting the attribution to the institutional brokerage (source: https://intel.arkm.com/explorer/entity/falconx; FalconX company information: https://falconx.io). @lookonchain characterizes the multi-exchange withdrawals as another institution buying large amounts of SOL, indicating potential institutional accumulation via FalconX (source: https://twitter.com/lookonchain/status/1968126520079319270).

According to @Matt_Hougan, Solana (SOL) currently has four catalysts drawing trader attention—ETFs, DATs, a strong technology narrative, and high-profile advocates such as @dan_pantera and @KyleSamani, highlighting SOL as hard to ignore in the current market cycle (source: @Matt_Hougan on X, Sep 17, 2025). For trading implications, this points to monitoring SOL for narrative-driven flows tied to ETF headlines and DATs ecosystem activity as emphasized by the author (source: @Matt_Hougan on X, Sep 17, 2025). The author did not provide timelines or data points, indicating traders should account for narrative volatility and confirmation from market metrics before positioning (source: @Matt_Hougan on X, Sep 17, 2025).

According to Farside Investors (@FarsideUK), the Solana ETF SSK (REX-Osprey) recorded a US$10 million daily flow on Sep 16, 2025, source: Farside Investors @FarsideUK and farside.co.uk/sol/. Farside Investors adds that full data and disclaimers are available at farside.co.uk/sol/ for verification and ongoing tracking, source: Farside Investors @FarsideUK and farside.co.uk/sol/.

According to the source, do not call altseason until two signals appear: Bitcoin (BTC) dominance breaks down and the Others/BTC ratio surges, which are flagged as the confirmation triggers for broader altcoin strength (source: X post on Sep 16, 2025). The post adds that these signals are what a referenced trader watches before rotating into lower-cap altcoins outside ETH and SOL, highlighting a potential market shift once both conditions align (source: X post on Sep 16, 2025).

According to the source, on-chain data compiled by Lookonchain shows six entities each hold more than 1 million SOL, highlighting concentrated SOL supply among top holders, source: Lookonchain. Forward Industries is identified as the largest holder with 6.82 million SOL, marking the biggest single reported position among the six entities, source: Lookonchain.

According to Lookonchain, there are six strategic SOL reserve entities with holdings above 1 million SOL (source: Lookonchain). Forward Industries holds 6,822,000 SOL with a reported average purchase cost of $232 per SOL, implying a cost-basis value of about $1.58 billion (source: Lookonchain). The $232 average cost defines Forward Industries' breakeven per SOL for position-level PnL tracking by traders (source: Lookonchain). The concentration of six entities each above 1 million SOL highlights whale exposure that market participants monitor for liquidity and flow risk in Solana markets (source: Lookonchain).

According to @sns, .sol domain holders can now refer friends and earn instantly via a new referral feature (source: @sns on X, Sep 16, 2025). The announcement highlights immediate earnings but does not disclose referral rates, payout structure, eligibility criteria, or detailed mechanics in the post (source: @sns on X, Sep 16, 2025). Traders watching the Solana ecosystem should monitor forthcoming official updates from @sns to evaluate any impact on .sol domain sign-ups and related on-chain activity once metrics are provided (source: @sns on X, Sep 16, 2025).

According to the source, Circle has minted an additional 250,000,000 USDC on Solana, bringing month-to-date issuance to 2.25 billion USDC on the network, signaling a notable expansion in stablecoin liquidity on Solana (source: the source). Traders should verify the new issuance via Circle’s USDC transparency page and Solana block explorers tracking Circle’s treasury mint to confirm on-chain inflows (source: Circle; Solana blockchain data). An expanded USDC float on Solana typically supports deeper USDC-SOL spot books and can compress USDC borrow rates across Solana lending markets during net inflow periods, which is directly relevant for basis, funding, and market-making spreads (source: Solana lending markets such as Solend and Marginfi; DEX/liquidity data via DeFiLlama). Key trading checks: USDC-SOL depth and slippage on Orca and Raydium, SOL perpetual funding and basis on major derivatives venues, and stablecoin share within Solana TVL to gauge whether liquidity is translating into risk-on positioning (source: Orca; Raydium; major derivatives exchanges’ public data; DeFiLlama).

According to @EmberCN, whale account @General6316 has opened approximately $145 million in long positions on Hyperliquid across BTC, ETH, SOL, and SUI (Source: @EmberCN). According to @EmberCN, the largest position is a $90 million BTC long with an entry price of $113,849 and a liquidation price of $109,014, which is roughly a 4.2% distance to liquidation based on the provided figures (Source: @EmberCN). According to @EmberCN, the trader address shared for monitoring is hyperbot.network/trader/0x66362B929C1a9AaF14c51aaB9B455ad7fb8268c4 (Source: @EmberCN). According to @EmberCN, the whale is referred to as James, and the source references past traders named James who incurred large losses, while also noting the post is sponsored by Bitget (Source: @EmberCN).

According to the source, Standard Chartered said digital asset treasuries will drive market differentiation following recent mNAV collapses, source: Standard Chartered via the source. According to the source, Standard Chartered added that DATs benefit ETH more than BTC or SOL, source: Standard Chartered via the source. According to the source, Standard Chartered's view positions ETH as the relative winner in treasury allocation flows versus BTC and SOL, source: Standard Chartered via the source.

According to Farside Investors, the Solana ETF SSK (REX-Osprey) recorded a US$9 million daily flow, as reported in their Solana ETF flow tracker on Sep 16, 2025 (source: Farside Investors, farside.co.uk/sol/; Farside Investors, twitter.com/FarsideUK/status/1967745927650623919). This figure reflects the reported daily flow for SSK (REX-Osprey) from Farside’s dataset and public post (source: Farside Investors, farside.co.uk/sol/; Farside Investors, twitter.com/FarsideUK/status/1967745927650623919).

According to the source, Pantera-backed Helius Medical Technologies is seeking to raise 500 million dollars to launch a Solana-focused treasury management firm with a strategy targeting staking and DeFi yields, source: the provided X post dated Sep 15, 2025. The company’s shares surged nearly 200 percent intraday following the announcement, highlighting immediate market reaction relevant to SOL ecosystem traders monitoring staking-yield flows and crypto treasury management activity, source: the provided X post dated Sep 15, 2025.

According to the source, Helius Shares jumped 141% intraday after a claimed $500 million raise for a Solana treasury, prompting traders to watch SOL and Solana ecosystem tokens for correlated volatility; source: social media post dated Sep 15, 2025. The post did not provide exchange tickers, liquidity data, or independent verification beyond the headline, so risk management and confirmation are essential before trading; source: the same social media post.

According to @borgetsebastien, he participated in an AMA for The Bakery program in Paris organized by the Solana French Super Team, sharing entrepreneurship insights with builders (source: X post by @borgetsebastien, Sep 15, 2025). The post thanks Kevin Serou for running the program and includes no announcements on SOL token economics, listings, funding, or product launches (source: X post by @borgetsebastien, Sep 15, 2025). For SOL traders, the actionable takeaway is continued ecosystem community engagement in France; monitor Solana on-chain activity such as daily active addresses, transactions, fees, and TVL around this program, noting that the post provides no specific metrics (source: X post by @borgetsebastien, Sep 15, 2025).

According to @DonaldJTrumpJr, USD1 is coming to Solana with big rewards, indicating an imminent deployment and incentive program on the Solana network. Source: Donald Trump Jr. on X https://twitter.com/DonaldJTrumpJr/status/1967640355005927582 The post provides no launch date, reward mechanics, or contract address, so specific program details remain undisclosed. Source: Donald Trump Jr. on X https://twitter.com/DonaldJTrumpJr/status/1967640355005927582 Given the lack of specifics, traders may monitor SOL and major Solana DeFi venues for official confirmations and parameters before positioning. Source: Donald Trump Jr. on X https://twitter.com/DonaldJTrumpJr/status/1967640355005927582

According to the source, Forward Industries stated it purchased nearly 1.6 billion worth of SOL, positioning the company with significant Solana exposure, source: Forward Industries announcement. According to the source, the company said this makes it the largest publicly traded Solana treasury firm by a wide margin, source: Forward Industries announcement.

According to @lookonchain, the total stablecoin market cap rose by $3.65B last week, including $1.97B added on Ethereum and $533M on Hyperliquid (source: Lookonchain). According to @lookonchain, DEX spot trading volume reached $109.096B (+15.09% WoW), led by Uniswap at $22.635B (-3.91% WoW), PancakeSwap at $15.347B (-0.01% WoW), and Meteora at $7.079B (+23.11% WoW) (source: Lookonchain). According to @lookonchain, DEX perps volume totaled $117.47B (+9.59% WoW), with Hyperliquid at $65.527B (+8.14% WoW), edgeX at $12.748B (+27.84% WoW), and BasedApp at $6.242B (+694.15% WoW) (source: Lookonchain). According to @lookonchain, these figures imply combined spot and perps DEX volumes of roughly $226.6B for the week, underscoring rising on-chain trading activity (source: Lookonchain). According to @lookonchain, institutional/whale flows included a strategy wallet buying 525 BTC (~$60.2M) at ~@$114,562, Galaxy Digital facilitating Forward Industries’ purchase of 6,822,000 SOL (~$1.58B) at ~$232 average over five days, and BitMine buying 82,233 ETH (~$370.5M) while holding 2,151,676 ETH (~$9.7B) (source: Lookonchain). According to @lookonchain, the stablecoin inflows, higher DEX volumes, and large BTC, ETH, and SOL buys indicate increased on-chain liquidity and institutional participation last week (source: Lookonchain).