Solana’s on-chain fundamentals get a major vote of confidence on Thursday as Florida based on the Defi Development Corp based in Florida (DFDV) announced It expanded the sol
Treasury by taking 17,760 additional tokens. The purchase, which costs approximately $ 2.72 million, was carried out at an average price of $ 153.10 per token. This move is aligned with the stated long -term approach of the Compounding Sol Holdings company and staking reward.
Following this acquisition, the total handling of the Defi Dev Corp reached 640,585 equivalent to Sol and Sol, which represents a US dollar value of nearly $ 98.1 million. Based on the last report by the company across 14,740,779 shares, the current sol-per-share (SPS) standing at 0.042, or approximately $ 6.65 per part using day price data.
All newly acquired SOLs will be stacked with various validators, including the Defi Dev Corp’s own infrastructure on the Solana network. This method provides the company to earn a native produce through staking rewards and validator fees, while directing Solana’s decentralization and operation.
The Defi Dev Corp is positioned itself as the first public company to make Solana the center of its treasury strategy. In addition to accumulating and staking Sol, it is also actively engaged in decentralized finances (Defi) Opportunities and participation of the ecosystem. The company’s ark’s approach offers shareholders that direct economic exposure to the token while supporting Solana’s application-layer application.
At the time of writing, Sol traded around $ 150.75, down 1.6% in the past 24 -hour period, according to the technical review model of CoinDesk Research. Meanwhile, the broader crypto market, such as Gaubed by Coindesk 20 Index (CD20)was up to 0.13% at the same period.
Technical assessments
- Sol ranges from $ 156.28 to $ 150.04 between July 2 17:00 and July 3 16:00, reflecting 4.15% volatility.
- Strong resistance formed at $ 156 during the early hours of trading, with more than average volume triggered a reflection.
- Price dropped below the main support to $ 152 during the 12: 00-15: 00 period, which arranges for $ 150.44.
- In the last time (15: 16–16: 15 UTC)Sol refused 0.63% from $ 151.85 to $ 150.89.
- A sharp sale occurred at 15:35 UTC, with price drops to $ 150.44 in high volume (213.6k).
- Support appeared at $ 150.35 with increasing buy-side activity and a moderate recovery at the last minute.
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